Badger Daylighting (BAD) PT Raised to C$41.00 at Canaccord Genuity
Badger Daylighting (TSE:BAD) had its target price boosted by equities researchers at Canaccord Genuity from C$39.00 to C$41.00 in a research note issued to investors on Wednesday. Canaccord Genuity’s price objective indicates a potential upside of 38.42% from the stock’s current price.
Several other research firms also recently commented on BAD. Industrial Alliance Securities downgraded Badger Daylighting from a “strong-buy” rating to a “buy” rating and raised their price objective for the stock from C$38.00 to C$39.00 in a research note on Wednesday. BMO Capital Markets raised their price objective on Badger Daylighting from C$37.00 to C$40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 14th.
TSE BAD opened at C$29.62 on Wednesday. The company has a debt-to-equity ratio of 29.29, a quick ratio of 2.59 and a current ratio of 2.73. Badger Daylighting has a 52 week low of C$22.37 and a 52 week high of C$32.71.
In related news, insider Michael James Tunney acquired 2,250 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were purchased at an average price of C$22.19 per share, with a total value of C$49,927.50. Insiders bought 2,550 shares of company stock worth $56,479 in the last ninety days.
About Badger Daylighting
Badger Daylighting 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; potholing; and slot trenching services for perimeter slot trenching, exposing existing cables or conduits, cable or conduit and drain tile installation, and line fault repairs.
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