Badger Infrastructure Solutions (TSE:BDGI) Stock Price Up 0.6%

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) rose 0.6% during mid-day trading on Thursday . The company traded as high as C$47.53 and last traded at C$46.91. Approximately 44,836 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 64,188 shares. The stock had previously closed at C$46.61.

Analysts Set New Price Targets

BDGI has been the topic of a number of recent research reports. CIBC raised their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$52.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Canaccord Genuity Group increased their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Raymond James increased their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. BMO Capital Markets increased their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Scotiabank increased their target price on shares of Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$53.11.

Badger Infrastructure Solutions Trading Up 0.6 %

The business’s 50-day moving average price is C$47.42 and its 200 day moving average price is C$43.13. The company has a market cap of C$1.62 billion, a P/E ratio of 28.43 and a beta of 1.17. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.49 and a current ratio of 1.44.

Insider Activity

In related news, Director Stephen James Jones bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of C$33.95 per share, with a total value of C$33,950.00. In related news, Director Robert George Blackadar bought 2,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of C$37.05 per share, with a total value of C$74,100.00. Also, Director Stephen James Jones bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of C$33.95 per share, with a total value of C$33,950.00. Insiders bought a total of 4,000 shares of company stock valued at $139,694 in the last quarter. Company insiders own 0.37% of the company’s stock.

About Badger Infrastructure Solutions

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; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.