Canaccord Genuity Group Boosts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$60.00

Badger Infrastructure Solutions (TSE:BDGIFree Report) had its price target upped by Canaccord Genuity Group from C$52.00 to C$60.00 in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also weighed in on BDGI. CIBC upped their price objective on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company a neutral rating in a report on Monday. Cormark raised Badger Infrastructure Solutions from a market perform rating to a buy rating and upped their target price for the company from C$39.00 to C$46.00 in a report on Monday, November 6th. Scotiabank upped their target price on Badger Infrastructure Solutions from C$42.50 to C$48.00 and gave the company a sector perform rating in a report on Monday. Raymond James set a C$52.00 target price on Badger Infrastructure Solutions and gave the company an outperform rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus upped their target price on Badger Infrastructure Solutions from C$50.00 to C$52.00 and gave the company a buy rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of C$48.25.

View Our Latest Research Report on BDGI

Badger Infrastructure Solutions Trading Down 1.8 %

TSE:BDGI opened at C$43.69 on Monday. Badger Infrastructure Solutions has a 1 year low of C$24.55 and a 1 year high of C$48.92. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of 26.97 and a beta of 1.18. The business has a fifty day moving average of C$44.74 and a 200-day moving average of C$39.67. The company has a debt-to-equity ratio of 88.71, a quick ratio of 1.49 and a current ratio of 1.71.

Insiders Place Their Bets

In other news, Director Glen Dawson Roane sold 4,400 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of C$41.39, for a total value of C$182,124.80. In related news, Director Glen Dawson Roane sold 4,400 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of C$41.39, for a total transaction of C$182,124.80. Also, Senior Officer Leon Joseph Steven Walsh purchased 2,372 shares of the stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of C$40.57 per share, for a total transaction of C$96,230.85. Over the last ninety days, insiders have acquired 2,847 shares of company stock worth $115,385. Corporate insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

(Get Free Report)

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.

See Also

Analyst Recommendations for Badger Infrastructure Solutions (TSE:BDGI)

Receive News & Ratings for Badger Infrastructure Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Infrastructure Solutions and related companies with MarketBeat.com's FREE daily email newsletter.