Badger Infrastructure Solutions (TSE:BDGI) Sets New 1-Year High - Here's Why

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. CIBC boosted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Raymond James Financial raised 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. Finally, Stifel Nicolaus lowered their target price on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions has an average rating of "Moderate Buy" and an average price target of C$49.30.

Badger Infrastructure Solutions Trading Up 1.2%

The business has a 50-day moving average of C$42.68 and a 200 day moving average of C$39.84. The stock has a market cap of C$1.12 billion, a PE ratio of 27.04 and a beta of 1.14. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73.

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.

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