Badger Infrastructure Solutions (TSE:BDGI) Sets New 12-Month High Following Analyst Upgrade

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares hit a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$62.00 to C$71.00. CIBC currently has an outperform rating on the stock. Badger Infrastructure Solutions traded as high as C$69.19 and last traded at C$69.27, with a volume of 4182 shares trading hands. The stock had previously closed at C$68.13.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research note on Friday, October 10th. Canaccord Genuity Group lifted their price objective on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. TD Securities set a C$70.00 price objective on shares of Badger Infrastructure Solutions and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$65.33.

Badger Infrastructure Solutions Stock Up 3.6%

The firm’s 50-day moving average price is C$59.58 and its 200 day moving average price is C$50.41. The company has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 43.32 and a beta of 0.97. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.

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.