Badger Daylighting (BAD) Price Target Raised to C$49.00
BAD has been the topic of several other research reports. Industrial Alliance Securities cut Badger Daylighting from a buy rating to a hold rating and set a C$39.00 price objective on the stock. in a research note on Tuesday, December 11th. Cormark upped their price objective on Badger Daylighting from C$40.00 to C$48.00 in a research note on Thursday. Finally, Canaccord Genuity upped their price objective on Badger Daylighting from C$41.00 to C$47.00 and gave the company an average rating in a research note on Thursday.
Shares of TSE BAD opened at C$40.64 on Thursday. Badger Daylighting has a 52-week low of C$22.59 and a 52-week high of C$41.01. The company has a market cap of $1.46 billion and a price-to-earnings ratio of 19.94. The company has a debt-to-equity ratio of 27.32, a quick ratio of 2.79 and a current ratio of 2.96.
In other news, Director Glen Dawson Roane sold 30,000 shares of the stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of C$35.51, for a total transaction of C$1,065,210.00. Following the sale, the director now directly owns 45,700 shares in the company, valued at approximately 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.
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