Badger Infrastructure Solutions (TSE:BDGI) Price Target Cut to C$52.00 by Analysts at CIBC

Badger Infrastructure Solutions (TSE:BDGI) had its price target dropped by investment analysts at CIBC from C$59.00 to C$52.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 42.54% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Raymond James raised their target price on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Stifel Nicolaus upped their target price on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and a consensus target price of C$49.00.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock opened at C$36.48 on Thursday. Badger Infrastructure Solutions has a 52 week low of C$33.62 and a 52 week high of C$48.12. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The stock has a market capitalization of C$871.41 million, a price-to-earnings ratio of 21.12 and a beta of 1.14. The firm has a fifty day moving average of C$38.65 and a two-hundred day moving average of C$38.47.

Insider Activity

In other news, Director Mary Jordan purchased 800 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of C$39.32 per share, for a total transaction of C$31,456.00. Corporate insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.