Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$51.50

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$51.25.

BDGI has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. CIBC boosted their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Raymond James boosted their target price 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.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Mary Jordan purchased 800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired 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 currently owned by company insiders.

Badger Infrastructure Solutions Stock Down 2.0 %

BDGI opened at C$39.68 on Thursday. Badger Infrastructure Solutions has a fifty-two week low of C$34.85 and a fifty-two week high of C$51.50. 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 firm’s fifty day moving average price is C$39.36 and its two-hundred day moving average price is C$38.37. The company has a market capitalization of C$947.85 million, a P/E ratio of 22.97 and a beta of 1.14.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.18 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.81%. Badger Infrastructure Solutions’s dividend payout ratio is 41.68%.

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.