Badger Infrastructure Solutions (TSE:BDGI) Given New C$48.50 Price Target at Scotiabank

Badger Infrastructure Solutions (TSE:BDGI) had its target price reduced by equities research analysts at Scotiabank from C$52.00 to C$48.50 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 7.37% from the stock’s current price.

Several other brokerages have also recently weighed in on BDGI. Stifel Nicolaus increased their target price on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a “buy” rating in a report on Friday. Raymond James raised their price target 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. Canaccord Genuity Group upped their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Acumen Capital increased their target price on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a “speculative buy” rating in a report on Thursday, March 21st. Finally, BMO Capital Markets upped their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the company 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$53.06.

Badger Infrastructure Solutions Price Performance

BDGI traded up C$1.87 during midday trading on Monday, hitting C$45.17. The stock had a trading volume of 78,223 shares, compared to its average volume of 64,585. Badger Infrastructure Solutions has a 1 year low of C$24.55 and a 1 year high of C$51.50. The company has a debt-to-equity ratio of 100.33, a quick ratio of 1.49 and a current ratio of 1.72. The business has a fifty day moving average of C$47.36 and a 200 day moving average of C$43.67. The company has a market cap of C$1.56 billion, a P/E ratio of 27.75 and a beta of 1.16.

Insider Activity at Badger Infrastructure Solutions

In related news, Director Stephen James Jones purchased 1,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of C$33.95 per share, with a total value of C$33,950.00. In other news, Director Stephen James Jones acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of C$33.95 per share, for a total transaction of C$33,950.00. Also, Director Robert George Blackadar bought 2,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of C$37.05 per share, for a total transaction of C$74,100.00. Insiders have bought 4,000 shares of company stock worth $139,694 over the last ninety days. 0.39% of the stock is owned by corporate insiders.

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.