Badger Infrastructure Solutions (TSE:BDGI) Price Target Cut to C$48.50 by Analysts at Scotiabank

Badger Infrastructure Solutions (TSE:BDGI) had its price target reduced by stock analysts at Scotiabank from C$52.00 to C$48.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 9.11% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. CIBC upgraded shares of Badger Infrastructure Solutions from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$52.00 to C$54.00 in a report on Friday, May 3rd. Canaccord Genuity Group raised their target price on 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. Stifel Nicolaus upped their price target on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Raymond James increased their price target on 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$53.06.

Badger Infrastructure Solutions Trading Down 2.0 %

Shares of BDGI stock opened at C$44.45 on Monday. The company has a market cap of C$1.53 billion, a P/E ratio of 27.44 and a beta of 1.16. Badger Infrastructure Solutions has a fifty-two week low of C$24.55 and a fifty-two week high of C$51.50. The stock has a 50 day simple moving average of C$47.35 and a two-hundred day simple moving average of C$43.76. The company has a debt-to-equity ratio of 100.33, a quick ratio of 1.49 and a current ratio of 1.72.

Insiders Place Their Bets

In related news, Director Stephen James Jones purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average cost of C$33.95 per share, with a total value of C$33,950.00. In other news, Director Robert George Blackadar bought 2,000 shares of the company’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. Also, Director Stephen James Jones bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of C$33.95 per share, with a total value of C$33,950.00. In the last ninety days, insiders purchased 4,300 shares of company stock valued at $149,693. Corporate 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.