Badger Infrastructure Solutions (TSE:BDGI) Reaches New 52-Week High - Here's Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$46.68 and last traded at C$46.07, with a volume of 7028 shares traded. The stock had previously closed at C$46.16.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BDGI shares. Raymond James Financial 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 research note on Friday, March 7th. CIBC upped their price objective on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus decreased their target price on 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Badger Infrastructure Solutions has an average rating of "Moderate Buy" and a consensus price target of C$49.30.

Badger Infrastructure Solutions Stock Down 0.6%

The firm has a market cap of C$1.13 billion, a PE ratio of 27.50 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 50 day simple moving average of C$43.34 and a 200-day simple moving average of C$40.01.

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.