Badger Daylighting (BAD) Price Target Raised to C$48.00

Badger Daylighting (TSE:BAD) had its target price raised by analysts at Cormark from C$40.00 to C$48.00 in a report issued on Thursday. Cormark’s target price would indicate a potential upside of 18.90% from the stock’s current price.

A number of other analysts have also commented on BAD. Industrial Alliance Securities lowered shares of Badger Daylighting from a “strong-buy” rating to a “buy” rating and upped their price objective for the company from C$38.00 to C$39.00 in a research note on Wednesday, November 14th. BMO Capital Markets increased their price target on shares of Badger Daylighting from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 14th. Finally, Canaccord Genuity increased their price target on shares of Badger Daylighting from C$39.00 to C$41.00 in a research report on Wednesday, November 14th.

BAD stock traded up C$0.39 during mid-day trading on Thursday, reaching C$40.37. 279,323 shares of the stock traded hands, compared to its average volume of 180,091. The company has a current ratio of 2.96, a quick ratio of 2.79 and a debt-to-equity ratio of 27.32. Badger Daylighting has a 52-week low of C$22.59 and a 52-week high of C$40.54. The firm has a market capitalization of $1.48 billion and a PE ratio of 19.81.

In other news, Director Glen Dawson Roane sold 30,000 shares of the stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of C$35.51, for a total value of C$1,065,210.00. Following the completion of the sale, the director now directly owns 45,700 shares of the company’s stock, valued at C$1,622,669.90.

Badger Daylighting Company Profile

Badger Daylighting 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; potholing; and slot trenching services for perimeter slot trenching, exposing existing cables or conduits, cable or conduit and drain tile installation, and line fault repairs.

Further Reading: Capital Gains

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