Badger Infrastructure Solutions (TSE:BDGI) Trading 0.6% Higher

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) rose 0.6% on Thursday . The stock traded as high as C$47.53 and last traded at C$46.91. Approximately 44,836 shares were traded 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.

Analyst Ratings Changes

Several equities research analysts have recently commented on BDGI shares. Canaccord Genuity Group upped their price target on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Scotiabank raised 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 research note on Friday, March 22nd. Stifel Nicolaus lifted their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$62.00 in a report on Thursday, March 21st. Raymond James increased their price target 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. Finally, CIBC lifted their price objective on Badger Infrastructure Solutions from C$50.00 to C$52.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average target price of C$53.11.

Badger Infrastructure Solutions Price Performance

The firm has a market cap of C$1.62 billion, a PE ratio of 28.52 and a beta of 1.17. The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 86.09. The company has a 50 day moving average price of C$47.44 and a 200 day moving average price of C$43.21.

Insiders Place Their Bets

In other news, Director Robert George Blackadar purchased 2,000 shares of the business’s stock in a transaction dated 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. In related news, Director Stephen James Jones purchased 1,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was bought at an average price of C$33.95 per share, with a total value of C$33,950.00. Also, Director Robert George Blackadar bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of C$37.05 per share, with a total value of C$74,100.00. Over the last ninety days, insiders have bought 4,000 shares of company stock worth $139,694. 0.37% of the stock is owned by corporate insiders.

Badger Infrastructure Solutions Company Profile

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.