Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$53.11

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$53.11.

BDGI has been the subject of a number of research analyst reports. Acumen Capital lifted their price target on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the company a “speculative buy” rating in a report on Thursday, March 21st. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$62.00 in a research report on Thursday, March 21st. Scotiabank upped 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 report on Friday, March 22nd. CIBC increased their price target 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. Finally, BMO Capital Markets boosted their price objective on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st.

Badger Infrastructure Solutions Trading Down 0.2 %

Shares of BDGI opened at C$44.87 on Monday. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.49 and a current ratio of 1.44. The company has a market cap of C$1.55 billion, a price-to-earnings ratio of 27.19 and a beta of 1.17. The stock has a fifty day moving average price of C$47.44 and a two-hundred day moving average price of C$43.49. Badger Infrastructure Solutions has a 52-week low of C$24.55 and a 52-week high of C$51.50.

Insider Buying and Selling

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

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.