TD Securities Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price lifted by stock analysts at TD Securities from C$70.00 to C$83.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 13.78% from the stock’s current price.

BDGI has been the subject of a number of other reports. Stifel Nicolaus boosted their target price on shares of Badger Infrastructure Solutions from C$70.00 to C$86.00 and gave the company a “buy” rating in a report on Monday, October 27th. CIBC increased their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday. Canaccord Genuity Group lifted their target price on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets increased their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research note on Friday, October 10th. Finally, Raymond James Financial cut Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$75.67.

Badger Infrastructure Solutions Trading Up 1.3%

Shares of BDGI traded up C$0.95 on Friday, hitting C$72.95. 126,903 shares of the stock traded hands, compared to its average volume of 98,560. Badger Infrastructure Solutions has a 1 year low of C$33.62 and a 1 year high of C$75.73. The stock’s 50 day moving average is C$63.73 and its two-hundred day moving average is C$53.49. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The firm has a market capitalization of C$2.46 billion, a P/E ratio of 44.75 and a beta of 0.98.

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.