Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Purchases 4,500 Shares

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of C$42.79 per share, with a total value of C$192,555.00.

Badger Infrastructure Solutions Price Performance

BDGI traded down C$0.53 on Thursday, hitting C$41.62. 11,529 shares of the company’s stock traded hands, compared to its average volume of 63,847. Badger Infrastructure Solutions Ltd. has a one year low of C$24.55 and a one year high of C$51.50. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 100.32. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of 26.18 and a beta of 1.18. The company’s 50 day simple moving average is C$46.74 and its 200-day simple moving average is C$44.31.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BDGI. CIBC upgraded shares of Badger Infrastructure Solutions from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$52.00 to C$54.00 in a report on Friday, May 3rd. BMO Capital Markets increased their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Acumen Capital lifted their price target on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a “speculative buy” rating in a research report on Thursday, March 21st. Scotiabank cut their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Finally, Raymond James upped 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 research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average target price of C$53.06.

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.