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

Badger Infrastructure Solutions logo with Industrials background

Key Points

  • Badger Infrastructure Solutions Ltd. reached a new 52-week high after Stifel Nicolaus increased their price target from C$63.00 to C$70.00, currently holding a "buy" rating for the stock.
  • Several other analysts have also given buy ratings with target prices ranging from C$55.00 to C$70.00, indicating strong market support for BDGI.
  • Badger Infrastructure Solutions specializes in non-destructive excavating services utilizing their proprietary Badger Hydrovac technology, which enhances safety and efficiency in excavation projects.
  • Interested in Badger Infrastructure Solutions? Here are five stocks we like better.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$63.00 to C$70.00. Stifel Nicolaus 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 traded. The stock had previously closed at C$61.57.

A number of other research analysts have also weighed in on BDGI. TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the company a "buy" rating in a report on Friday, September 5th. Canaccord Genuity Group increased 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 note on Tuesday, July 15th. Finally, BMO Capital Markets boosted their price objective on Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$59.67.

Get Our Latest Stock Analysis on BDGI

Badger Infrastructure Solutions Stock Up 2.3%

The company has a 50 day moving average price of C$56.98 and a 200-day moving average price of C$48.48. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The stock has a market capitalization of C$2.12 billion, a PE ratio of 38.63 and a beta of 0.97.

About Badger Infrastructure Solutions

(Get Free Report)

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.

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