Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$49.64

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$49.93.

Several equities analysts have recently weighed in on BDGI shares. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday. CIBC lifted their price target on Badger Infrastructure Solutions from C$49.00 to C$52.00 in a report on Friday, December 13th. Finally, Raymond James dropped their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Insiders Place Their Bets

In related news, Director Stephanie Cuskley bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of C$38.97 per share, for a total transaction of C$38,971.20. Company insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI opened at C$39.50 on Wednesday. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25. The firm has a market capitalization of C$1.36 billion, a PE ratio of 24.09 and a beta of 1.14. The firm has a 50-day moving average price of C$37.60 and a 200 day moving average price of C$37.79.

Badger Infrastructure Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.82%. Badger Infrastructure Solutions’s payout ratio is currently 43.90%.

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.