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

Badger Infrastructure Solutions (TSE:BDGI) had its price target lifted by stock analysts at CIBC from C$49.00 to C$52.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 39.60% from the stock’s previous close.

Several other research analysts have also recently issued reports on BDGI. Stifel Nicolaus dropped their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Raymond James dropped their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and a consensus target price of C$49.64.

Badger Infrastructure Solutions Trading Down 0.5 %

Shares of TSE BDGI traded down C$0.18 during midday trading on Friday, hitting C$37.25. The company’s stock had a trading volume of 25,420 shares, compared to its average volume of 72,486. The business’s 50 day moving average is C$38.90 and its two-hundred day moving average is C$38.68. The firm has a market cap of C$1.28 billion, a P/E ratio of 22.71 and a beta of 1.14. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. Badger Infrastructure Solutions has a 12-month low of C$34.85 and a 12-month high of C$51.50.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephanie Cuskley bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. 0.33% of the stock is owned by corporate insiders.

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.