Badger Infrastructure Solutions (TSE:BDGI) PT Lowered to C$48.50 at Scotiabank

Badger Infrastructure Solutions (TSE:BDGI) had its price target cut by Scotiabank from C$52.00 to C$48.50 in a report published on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also recently commented on the stock. CIBC raised shares of Badger Infrastructure Solutions from a neutral rating to an outperform rating and boosted their target price for the stock from C$52.00 to C$54.00 in a research report on Friday, May 3rd. Acumen Capital boosted their price objective on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the company a speculative buy rating in a report on Thursday, March 21st. Stifel Nicolaus increased their target price on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a buy rating in a report on Friday, May 3rd. Canaccord Genuity Group lifted their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a buy rating in a report on Monday, March 4th. Finally, BMO Capital Markets increased their target price on shares of 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$53.06.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI opened at C$44.02 on Monday. The company has a 50-day simple moving average of C$47.28 and a 200-day simple moving average of C$43.83. The company has a debt-to-equity ratio of 100.33, a current ratio of 1.72 and a quick ratio of 1.49. The company has a market cap of C$1.52 billion, a PE ratio of 27.17 and a beta of 1.16. Badger Infrastructure Solutions has a 12 month low of C$24.55 and a 12 month high of C$51.50.

Insider Activity at Badger Infrastructure Solutions

In related news, Director Robert George Blackadar purchased 2,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of C$37.05 per share, for a total transaction of C$74,100.00. In other news, Senior Officer Joseph Patrick Wieneke bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of C$31.64 per share, for a total transaction of C$31,643.80. Also, Director Robert George Blackadar purchased 2,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were purchased at an average price of C$37.05 per share, with a total value of C$74,100.00. In the last 90 days, insiders acquired 4,300 shares of company stock valued at $149,693. Insiders own 0.39% 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.