Posted by admin on Aug 14th, 2022
Badger Infrastructure Solutions (TSE:BDGI – Get Rating) had its target price boosted by equities researchers at CIBC from C$31.50 to C$32.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 0.47% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on BDGI. Acumen Capital cut their price objective on shares of Badger Infrastructure Solutions from C$37.00 to C$36.25 in a research note on Monday, May 16th. Stifel Nicolaus lifted their target price on Badger Infrastructure Solutions from C$35.00 to C$40.00 in a report on Friday. Finally, Scotiabank lifted their target price on Badger Infrastructure Solutions from C$39.00 to C$40.00 in a report on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$36.18.
Shares of TSE BDGI opened at C$31.85 on Friday. Badger Infrastructure Solutions has a fifty-two week low of C$22.54 and a fifty-two week high of C$37.05. The company’s 50-day moving average is C$29.76. The company has a current ratio of 1.89, a quick ratio of 1.52 and a debt-to-equity ratio of 77.49. The company has a market capitalization of C$1.10 billion and a PE ratio of 187.35.
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; slot trenching services; and service repair pits for gas service tie-in, electric cable fault repair, water main and service repair, and telecom splice applications.
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