Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$55.00 at CIBC

Badger Infrastructure Solutions (TSE:BDGI) had its price target lifted by CIBC from C$52.00 to C$55.00 in a research report report published on Monday,BayStreet.CA reports.

Several other analysts also recently commented on BDGI. Raymond James lowered their price objective on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus increased their price objective on 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average price target of C$50.36.

Badger Infrastructure Solutions Stock Down 1.3 %

Shares of TSE:BDGI opened at C$38.97 on Monday. The business’s 50 day simple moving average is C$37.60 and its two-hundred day simple moving average is C$37.79. The firm has a market cap of C$1.34 billion, a P/E ratio of 23.76 and a beta of 1.14. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.85%. The ex-dividend date was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is 43.90%.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephanie Cuskley purchased 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were acquired at an average price of C$38.97 per share, for a total transaction of C$38,971.20. 0.33% of the stock is owned by corporate insiders.

Badger Infrastructure Solutions Company Profile

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.