Stifel Nicolaus Issues Pessimistic Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price target reduced by Stifel Nicolaus from C$53.00 to C$46.50 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 28.24% from the company’s current price.

Several other research firms have also weighed in on BDGI. CIBC lowered their target price on Badger Infrastructure Solutions from C$59.00 to C$52.00 in a report on Thursday. Raymond James boosted 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$49.00.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock traded down C$1.06 during trading on Thursday, reaching C$36.26. The company’s stock had a trading volume of 47,776 shares, compared to its average volume of 103,137. Badger Infrastructure Solutions has a fifty-two week low of C$33.62 and a fifty-two week high of C$48.12. The company has a 50-day moving average price of C$38.81 and a two-hundred day moving average price of C$38.48. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The firm has a market cap of C$866.16 million, a PE ratio of 20.99 and a beta of 1.14.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Mary Jordan acquired 800 shares of Badger Infrastructure Solutions stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of C$39.32 per share, for a total transaction of C$31,456.00. 0.33% of the stock is owned by company insiders.

Badger Infrastructure Solutions Company Profile

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.