Badger Daylighting (BAD) Price Target Raised to C$49.00 at BMO Capital Markets

Badger Daylighting (TSE:BAD) had its target price upped by analysts at BMO Capital Markets from C$41.00 to C$49.00 in a report issued on Thursday. BMO Capital Markets’ price target points to a potential upside of 21.38% from the stock’s previous close.

Several other research firms also recently issued reports on BAD. Industrial Alliance Securities downgraded shares of Badger Daylighting from a “strong-buy” rating to a “buy” rating and boosted their price objective for the stock from C$38.00 to C$39.00 in a research note on Wednesday, November 14th. Canaccord Genuity boosted their price objective on shares of Badger Daylighting from C$41.00 to C$47.00 in a research note on Thursday. Finally, Cormark reiterated a “buy” rating and set a C$40.00 price objective on shares of Badger Daylighting in a research note on Thursday, December 20th.

Badger Daylighting stock traded up C$0.39 during trading on Thursday, reaching C$40.37. The company had a trading volume of 279,323 shares, compared to its average volume of 180,091. The company has a debt-to-equity ratio of 27.32, a quick ratio of 2.79 and a current ratio of 2.96. Badger Daylighting has a 12-month low of C$22.59 and a 12-month high of C$40.54. The company has a market cap of $1.48 billion and a price-to-earnings ratio of 19.81.

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

About Badger Daylighting

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.

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