Badger Infrastructure Solutions (TSE:BDGI) Trading 0.6% Higher

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price rose 0.6% during mid-day trading on Thursday . The stock traded as high as C$47.53 and last traded at C$46.91. Approximately 44,836 shares changed hands during trading, a decline of 30% from the average daily volume of 64,188 shares. The stock had previously closed at C$46.61.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Raymond James lifted their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Canaccord Genuity Group upped their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Acumen Capital lifted their target price on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a “speculative buy” rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus boosted their target price on Badger Infrastructure Solutions from C$55.00 to C$62.00 in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$53.11.

Badger Infrastructure Solutions Stock Performance

The stock has a market cap of C$1.62 billion, a P/E ratio of 28.52 and a beta of 1.17. The stock has a fifty day simple moving average of C$47.44 and a 200-day simple moving average of C$43.21. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.49 and a current ratio of 1.44.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Senior Officer Joseph Patrick Wieneke acquired 1,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of C$31.64 per share, for a total transaction of C$31,643.80. In other Badger Infrastructure Solutions news, Senior Officer Joseph Patrick Wieneke acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of C$31.64 per share, for a total transaction of C$31,643.80. Also, Director Robert George Blackadar acquired 2,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of C$37.05 per share, with a total value of C$74,100.00. In the last quarter, insiders have bought 4,000 shares of company stock valued at $139,694. 0.37% of the stock is owned by insiders.

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.