Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Robert George Blackadar Acquires 1,000 Shares

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Robert George Blackadar acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of C$36.08 per share, with a total value of C$36,084.40.

Badger Infrastructure Solutions Stock Performance

Shares of TSE:BDGI opened at C$35.95 on Tuesday. The firm has a fifty day simple moving average of C$38.15 and a two-hundred day simple moving average of C$39.90. Badger Infrastructure Solutions Ltd. has a 52 week low of C$34.85 and a 52 week high of C$51.50. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 21.92 and a beta of 1.14.

Badger Infrastructure Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 2.00%. Badger Infrastructure Solutions’s payout ratio is currently 43.90%.

Wall Street Analyst Weigh In

BDGI has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a report on Friday. Canaccord Genuity Group lowered their target price on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. CIBC cut their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James decreased their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, BMO Capital Markets cut their price objective on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$48.81.

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.