Badger Infrastructure Solutions Ltd. (TSE:BDGI – Get Free Report) shares reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as C$51.50 and last traded at C$51.38, with a volume of 42968 shares changing hands. The stock had previously closed at C$50.25.
Specifically, Director Robert George Blackadar acquired 2,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of C$37.05 per share, for a total transaction of C$74,100.00. In related news, Senior Officer Joseph Patrick Wieneke bought 1,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of C$31.64 per share, with a total value of C$31,643.80. Also, Director Robert George Blackadar purchased 2,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was bought at an average cost of C$37.05 per share, with a total value of C$74,100.00. Over the last three months, insiders have bought 4,000 shares of company stock valued at $139,694. 0.36% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on BDGI shares. Scotiabank increased their price target on shares of Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Friday, March 22nd. Acumen Capital raised their target price on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a “speculative buy” rating in a report on Thursday, March 21st. Raymond James upped their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. CIBC lifted their price objective on Badger Infrastructure Solutions from C$50.00 to C$52.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Canaccord Genuity Group upped their target price on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and a consensus target price of C$51.20.
Check Out Our Latest Stock Analysis on Badger Infrastructure Solutions
Badger Infrastructure Solutions Stock Up 1.6 %
The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 86.09. The business has a 50-day simple moving average of C$46.33 and a 200-day simple moving average of C$40.91. The company has a market cap of C$1.76 billion, a PE ratio of 31.31 and a beta of 1.17.
About Badger Infrastructure Solutions
Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.
Further Reading
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