Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$50.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective hoisted by Raymond James from C$46.00 to C$50.00 in a report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. CIBC increased their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research report on Monday, February 3rd. Stifel Nicolaus raised their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.50.

Badger Infrastructure Solutions Stock Down 4.1 %

Shares of TSE BDGI opened at C$39.35 on Friday. The stock has a fifty day moving average price of C$38.65 and a 200 day moving average price of C$38.17. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The company has a market cap of C$939.97 million, a P/E ratio of 22.78 and a beta of 1.14. Badger Infrastructure Solutions has a 12-month low of C$34.85 and a 12-month high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.83%. Badger Infrastructure Solutions’s 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.