Badger Infrastructure Solutions (TSE:BDGI) Sets New 12-Month High – Should You Buy?

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high during trading on Wednesday . The company traded as high as C$74.04 and last traded at C$73.99, with a volume of 127020 shares traded. The stock had previously closed at C$72.36.

Wall Street Analyst Weigh In

BDGI has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. TD Securities set a C$70.00 target price on shares of Badger Infrastructure Solutions and gave the stock a “buy” rating in a report on Friday, September 5th. Stifel Nicolaus boosted their target price on shares of Badger Infrastructure Solutions from C$70.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Raymond James Financial downgraded shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. Finally, BMO Capital Markets boosted their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$60.00 in a report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.67.

Badger Infrastructure Solutions Stock Up 2.3%

The stock’s 50-day moving average price is C$63.16 and its two-hundred day moving average price is C$53.22. The stock has a market capitalization of C$2.50 billion, a PE ratio of 45.39 and a beta of 0.98. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73.

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.