01:56:02 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Badger Daylighting Ltd
Symbol BAD
Shares Issued 37,100,681
Close 2018-01-10 C$ 26.04
Market Cap C$ 966,101,733
Recent Sedar Documents

Globe says Badger seen as "strong buy"

2018-01-11 07:25 ET - In the News

The Globe and Mail reports in its Thursday edition that the Industrial Alliance Securities Research Group has revealed its best Canadian investing ideas for 2018, and Badger Daylighting is among them. The Globe's David Leeder writes that analyst Elias Foscolos names Badger Daylighting as one of his top ideas. Mr. Foscolos has a "strong buy" rating and $37 target on the stock. The consensus is $32.92. "Although Badger's shares ended 2017 15 per cent lower than at the beginning of the year, we attribute this performance partly due to the sector BAD operates in and partly due to some concerns that Management successfully addressed during the year," Mr. Foscolos told clients in a note. "Taking into account the Company's historical growth profile, we believe Badger has the best organic growth potential in our coverage universe. In Q3/17, we saw U.S. revenue increase by 32 per cent on a year-over-year basis, thereby indicating that it is on track to achieve its goal of doubling its US business, from 2016, over the next 2-4 years. Additionally, the U.S. represents a massive underserved market for Badger." The stock closed Wednesday at $26.04, down 23 cents on the Toronto Stock Exchange.

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