Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$71.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price lifted by CIBC from C$62.00 to C$71.00 in a research note published on Monday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Stifel Nicolaus lifted their price target on Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the company a “buy” rating in a research note on Monday, October 6th. BMO Capital Markets boosted their target price on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research report on Friday, October 10th. Finally, TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the stock a “buy” rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and a consensus price target of C$69.00.

Badger Infrastructure Solutions Trading Up 1.3%

Badger Infrastructure Solutions stock opened at C$69.70 on Monday. Badger Infrastructure Solutions has a 52 week low of C$33.62 and a 52 week high of C$70.86. The company has a market capitalization of C$2.35 billion, a price-to-earnings ratio of 42.76 and a beta of 0.97. The stock has a 50-day moving average price of C$60.15 and a 200 day moving average price of C$50.67. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49.

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.