Badger Infrastructure Solutions (TSE:BDGI) Sets New 1-Year High - Should You Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$44.40 and last traded at C$43.82, with a volume of 16876 shares trading hands. The stock had previously closed at C$42.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BDGI. CIBC upped their price target on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Raymond James upped their price objective on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Stifel Nicolaus cut their target price on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$49.30.

Badger Infrastructure Solutions Stock Up 1.0%

The stock has a market capitalization of C$1.10 billion, a P/E ratio of 26.67 and a beta of 1.14. 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 fifty day moving average price of C$38.85 and a 200 day moving average price of C$38.45.

Insider Buying and Selling

In other news, Director Mary Jordan purchased 800 shares of Badger Infrastructure Solutions stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of C$39.32 per share, for a total transaction of C$31,456.00. 0.33% of the stock is currently owned by insiders.

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.