Badger Infrastructure Solutions (TSE:BDGI) Hits New 12-Month High – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares reached a new 52-week high on Tuesday . The company traded as high as C$45.71 and last traded at C$45.95, with a volume of 20238 shares. The stock had previously closed at C$45.14.

Wall Street Analysts Forecast Growth

BDGI has been the subject of a number of research analyst reports. Raymond James upped their target price on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Stifel Nicolaus cut their target price on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, CIBC increased their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$49.30.

Badger Infrastructure Solutions Stock Performance

The firm’s 50 day simple moving average is C$39.21 and its 200-day simple moving average is C$38.57. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 26.20 and a beta of 1.14.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Director Mary Jordan bought 800 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of C$39.32 per share, for a total transaction of C$31,456.00. Company insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

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.