Badger Infrastructure Solutions (TSE:BDGI) Hits New 52-Week High – Still a Buy?

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James raised their price objective on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Stifel Nicolaus reduced their price objective on 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. Finally, CIBC raised their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$49.30.

Badger Infrastructure Solutions Stock Performance

The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 25.74 and a beta of 1.14. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The stock has a fifty day moving average price of C$38.72 and a two-hundred day moving average price of C$38.40.

Insider Activity at Badger Infrastructure Solutions

In related news, Director Mary Jordan purchased 800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of C$39.32 per share, with a total value of C$31,456.00. 0.33% of the stock is owned by insiders.

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.