Badger Infrastructure Solutions (TSE:BDGI) Reaches New 1-Year High – Here’s Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price hit a new 52-week high on Monday . The company traded as high as C$44.40 and last traded at C$43.82, with a volume of 16876 shares trading hands. The stock had previously closed at C$42.60.

Analysts Set New Price Targets

Several research firms recently commented on BDGI. Stifel Nicolaus cut their price target on Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a “buy” rating for the company in a report on Thursday, April 17th. CIBC raised their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Finally, Raymond James raised their price objective on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$49.30.

Badger Infrastructure Solutions Price Performance

The company has a 50-day simple moving average of C$38.72 and a two-hundred day simple moving average of C$38.40. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 25.74 and a beta of 1.14. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

Insiders Place Their Bets

In related news, Director Mary Jordan bought 800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of C$39.32 per share, with a total value of C$31,456.00. Corporate insiders own 0.33% of the company’s stock.

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.