Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$63.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective lifted by Stifel Nicolaus from C$62.00 to C$63.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. CIBC upped their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$52.00 and gave the company a neutral rating in a report on Thursday, March 21st. Canaccord Genuity Group increased their price target on shares of 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. Raymond James boosted their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an outperform rating in a report on Thursday, March 21st. BMO Capital Markets lifted their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a market perform rating in a report on Thursday, March 21st. Finally, Acumen Capital boosted their target price on 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, March 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$53.44.

Badger Infrastructure Solutions Price Performance

Shares of TSE:BDGI opened at C$43.30 on Friday. The firm has a market capitalization of C$1.49 billion, a PE ratio of 26.24 and a beta of 1.17. The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 86.09. The company has a 50-day moving average price of C$47.36 and a two-hundred day moving average price of C$43.67. Badger Infrastructure Solutions has a twelve month low of C$24.55 and a twelve month high of C$51.50.

Insider Buying and Selling

In other news, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of C$31.64 per share, for a total transaction of C$31,643.80. In other news, Director Robert George Blackadar bought 2,000 shares of Badger Infrastructure Solutions stock in a transaction on Monday, March 25th. The shares were bought at an average cost of C$37.05 per share, with a total value of C$74,100.00. Also, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of C$31.64 per share, for a total transaction of C$31,643.80. Insiders acquired a total of 4,000 shares of company stock valued at $139,694 over the last 90 days. Insiders own 0.37% of the company’s stock.

Badger Infrastructure Solutions Company Profile

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.