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

Badger Infrastructure Solutions (TSE:BDGI) had its price target trimmed by Scotiabank from C$52.00 to C$48.50 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also commented on BDGI. CIBC raised 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 research note on Friday, May 3rd. BMO Capital Markets raised their price objective on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a market perform rating in a research note on Thursday, March 21st. Acumen Capital lifted their price objective on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a speculative buy rating in a research report on Thursday, March 21st. Raymond James increased their target price on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an outperform rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus lifted their price target on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a buy rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$53.06.

Badger Infrastructure Solutions Stock Down 0.5 %

Shares of Badger Infrastructure Solutions stock opened at C$43.78 on Monday. Badger Infrastructure Solutions has a 12-month low of C$24.55 and a 12-month high of C$51.50. The firm has a market capitalization of C$1.51 billion, a PE ratio of 27.02 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 100.33. The stock’s fifty day moving average is C$47.22 and its 200-day moving average is C$43.84.

Insider Transactions at Badger Infrastructure Solutions

In other news, Director Robert George Blackadar acquired 2,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of C$37.05 per share, with a total value of C$74,100.00. In other Badger Infrastructure Solutions news, Director Stephen James Jones bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of C$33.95 per share, for a total transaction of C$33,950.00. Also, Director Robert George Blackadar purchased 2,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of C$37.05 per share, for a total transaction of C$74,100.00. Over the last ninety days, insiders have purchased 4,300 shares of company stock valued at $149,693. 0.39% of the stock is owned by 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.