Stifel Nicolaus Forecasts Strong Price Appreciation for Badger Infrastructure Solutions (TSE:BDGI) Stock

Badger Infrastructure Solutions (TSE:BDGI) had its target price raised by equities researchers at Stifel Nicolaus from C$51.00 to C$53.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 34.18% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Raymond James lowered their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st. CIBC boosted their price objective on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and an average price target of C$49.93.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI opened at C$39.50 on Thursday. The company has a 50-day simple moving average of C$37.57 and a 200-day simple moving average of C$37.76. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The company has a market cap of C$1.36 billion, a PE ratio of 24.09 and a beta of 1.14. Badger Infrastructure Solutions has a 12 month low of C$34.85 and a 12 month high of C$51.50.

Insider Buying and Selling

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley bought 1,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of C$38.97 per share, with a total value of C$38,971.20. Insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.