Badger Infrastructure Solutions (TSE:BDGI) Given New C$59.00 Price Target at CIBC

Badger Infrastructure Solutions (TSE:BDGIGet Free Report) had its price target lifted by investment analysts at CIBC from C$55.00 to C$59.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 49.94% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Raymond James upped their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus raised their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average target price of C$51.50.

Read Our Latest Analysis on BDGI

Badger Infrastructure Solutions Price Performance

Badger Infrastructure Solutions stock opened at C$39.35 on Friday. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50. The firm has a fifty day moving average of C$38.65 and a 200-day moving average of C$38.17. The firm has a market capitalization of C$939.97 million, a P/E ratio of 22.78 and a beta of 1.14. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49.

Badger Infrastructure Solutions Company Profile

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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.

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