Badger Infrastructure Solutions (TSE:BDGI) Hits New 12-Month High – What’s Next?

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$45.71 and last traded at C$45.95, with a volume of 20238 shares. The stock had previously closed at C$45.14.

Analysts Set New Price Targets

BDGI has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a “buy” rating on the stock in a research note on Thursday, April 17th. CIBC upped their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Raymond James upped 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 report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$49.30.

Badger Infrastructure Solutions Stock Up 0.3%

The business’s 50 day moving average is C$39.21 and its 200-day moving average is C$38.57. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 26.20 and a beta of 1.14.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Mary Jordan bought 800 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of C$39.32 per share, for a total transaction of C$31,456.00. 0.33% of the stock is currently owned by company insiders.

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.