Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year High Following Analyst Upgrade

Key Points

• Badger Infrastructure Solutions' stock reached a new 52-week high of C$69.27 after CIBC raised its price target from C$62.00 to C$71.00, maintaining an outperform rating.
• Other analysts, including Canaccord Genuity and TD Securities, have also upgraded their target prices for the stock, with several giving it a "buy" rating.
• The company specializes in non-destructive excavating services, utilizing its Badger Hydrovac technology for excavation around critical infrastructure.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price hit a new 52-week high during mid-day 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 traded. The stock had previously closed at C$68.13.

A number of other analysts have also issued reports on BDGI. Canaccord Genuity Group boosted their target price on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the stock a "buy" rating in a research note on Friday, September 5th. BMO Capital Markets increased their price target on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research report on Friday, October 10th. Finally, Stifel Nicolaus boosted their price objective on Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$65.33.

Badger Infrastructure Solutions Price Performance

The company's 50 day moving average is C$59.26 and its 200 day moving average is C$50.16. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 43.23 and a beta of 0.97.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.