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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$46.68 and last traded at C$46.07, with a volume of 7028 shares traded. The stock had previously closed at C$46.16.

Analyst Ratings Changes

A number of equities analysts have weighed in on BDGI shares. Stifel Nicolaus cut 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 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 Financial increased their target price on 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 MarketBeat.com, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average target price of C$49.30.

Badger Infrastructure Solutions Stock Up 1.2%

The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 27.04 and a beta of 1.14. The firm has a 50 day moving average price of C$42.68 and a two-hundred day moving average price of C$39.84.

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.