Badger Infrastructure Solutions (TSE:BDGI) Sets New 12-Month High - Here's What Happened

Key Points

• Badger Infrastructure Solutions' share price reached a new 52-week high of C$60.49, closing at C$60.46 with a trading volume of 5905 shares.
• Analyst upgrades have increased the company's price targets, with Canaccord Genuity raising it to C$60.00 and TD Securities setting a target of C$70.00, contributing to an average rating of "Buy."
• Badger Infrastructure Solutions is a leader in non-destructive excavating services, utilizing its Badger Hydrovac technology for safe excavation around critical infrastructure.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$60.49 and last traded at C$60.46, with a volume of 5905 shares changing hands. The stock had previously closed at C$59.65.

Analyst Upgrades and Downgrades

BDGI has been the topic of several research reports. Canaccord Genuity Group raised 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 report on Tuesday, July 15th. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$59.00 to C$63.00 and gave the company a "buy" rating in a research report on Friday, August 1st. TD Securities set a C$70.00 price objective on shares of Badger Infrastructure Solutions and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, BMO Capital Markets raised their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of "Buy" and an average target price of C$58.50.

Badger Infrastructure Solutions Price Performance

The business's 50-day simple moving average is C$56.12 and its 200-day simple moving average is C$47.60. The stock has a market cap of C$2.04 billion, a PE ratio of 37.12 and a beta of 1.03. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49.

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.

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