Badger Infrastructure Solutions (TSE:BDGI) Reaches New 52-Week High Following Analyst Upgrade

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high during trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from C$60.00 to C$71.00. Canaccord Genuity Group currently has a buy rating on the stock. Badger Infrastructure Solutions traded as high as C$63.19 and last traded at C$62.96, with a volume of 18679 shares trading hands. The stock had previously closed at C$61.57.

Several other equities analysts have also weighed in on the stock. TD Securities set a C$70.00 price objective on shares of Badger Infrastructure Solutions and gave the company a “buy” rating in a research report on Friday, September 5th. Stifel Nicolaus increased their price objective on shares of Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets raised their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$61.50.

Badger Infrastructure Solutions Trading Up 4.2%

The firm has a market capitalization of C$2.17 billion, a P/E ratio of 39.37 and a beta of 0.97. The business’s 50-day moving average is C$57.17 and its 200 day moving average is C$48.59. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

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.