Badger Infrastructure Solutions (TSE:BDGI) PT Raised to C$38.50

Badger Infrastructure Solutions (TSE:BDGIGet Rating) had its price target lifted by Scotiabank from C$38.00 to C$38.50 in a research note published on Thursday, BayStreet.CA reports.

Several other analysts also recently commented on the stock. TD Securities increased their price objective on shares of Badger Infrastructure Solutions from C$33.00 to C$34.00 and gave the company a hold rating in a research report on Friday, August 12th. Stifel Nicolaus increased their price objective on shares of Badger Infrastructure Solutions from C$35.00 to C$40.00 in a research report on Friday, August 12th. Finally, CIBC increased their price objective on shares of Badger Infrastructure Solutions from C$31.50 to C$32.00 and gave the company a neutral rating in a research report on Friday, August 12th. Two investment analysts have rated the stock with a hold rating and three have assigned 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$35.96.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock opened at C$30.65 on Thursday. Badger Infrastructure Solutions has a one year low of C$22.54 and a one year high of C$37.05. The company’s 50-day moving average is C$31.08 and its 200 day moving average is C$30.05. The company has a market capitalization of C$1.06 billion and a price-to-earnings ratio of 180.29. The company has a debt-to-equity ratio of 77.49, a quick ratio of 1.52 and a current ratio of 1.89.

Badger Infrastructure Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Wednesday, September 28th. Badger Infrastructure Solutions’s payout ratio is presently 299.89%.

Insider Activity

In other news, Senior Officer Tracey Lynn Wallace sold 1,867 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of C$32.07, for a total value of C$59,874.69.

About Badger Infrastructure Solutions

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Badger Infrastructure Solutions 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; slot trenching services; and service repair pits for gas service tie-in, electric cable fault repair, water main and service repair, and telecom splice applications.

Further Reading

Analyst Recommendations for Badger Infrastructure Solutions (TSE:BDGI)

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