Badger Infrastructure Solutions (TSE:BDGI) Given New C$57.00 Price Target at Raymond James

Badger Infrastructure Solutions (TSE:BDGIFree Report) had its price target hoisted by Raymond James from C$52.00 to C$57.00 in a report published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on BDGI. Acumen Capital upped their price objective on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a speculative buy rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of Badger Infrastructure Solutions from C$55.00 to C$62.00 in a research note on Thursday. Canaccord Genuity Group boosted their price objective on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a buy rating in a research note on Monday, March 4th. Scotiabank raised 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 research report on Monday, March 4th. Finally, CIBC boosted their price target on Badger Infrastructure Solutions from C$50.00 to C$52.00 and gave the stock a neutral rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$51.20.

Check Out Our Latest Stock Report on Badger Infrastructure Solutions

Badger Infrastructure Solutions Stock Up 1.9 %

Badger Infrastructure Solutions stock opened at C$50.00 on Thursday. Badger Infrastructure Solutions has a 12 month low of C$24.55 and a 12 month high of C$50.19. The stock has a market capitalization of C$1.72 billion, a PE ratio of 30.67 and a beta of 1.17. The company has a debt-to-equity ratio of 86.09, a current ratio of 1.44 and a quick ratio of 1.49. The business has a 50 day simple moving average of C$46.21 and a 200-day simple moving average of C$40.73.

Insiders Place Their Bets

In related news, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of C$31.64 per share, for a total transaction of C$31,643.80. 0.36% of the stock is currently owned by corporate insiders.

Badger Infrastructure Solutions Company Profile

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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.

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