CIBC Boosts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$52.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective increased by CIBC from C$49.00 to C$52.00 in a research note released on Friday morning,BayStreet.CA reports.

BDGI has been the topic of a number of other reports. Stifel Nicolaus reduced their price target on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Raymond James decreased their target price 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and an average price target of C$49.64.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI opened at C$37.43 on Friday. 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 company has a market cap of C$1.29 billion, a PE ratio of 22.82 and a beta of 1.14. Badger Infrastructure Solutions has a 52 week low of C$34.85 and a 52 week high of C$51.50. The business’s 50 day moving average is C$38.86 and its two-hundred day moving average is C$38.65.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.92%. Badger Infrastructure Solutions’s dividend payout ratio is presently 43.90%.

Insider Buying and Selling at Badger Infrastructure Solutions

In other news, Director Robert George Blackadar bought 1,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was purchased at an average cost of C$36.08 per share, for a total transaction of C$36,084.40. 0.33% of the stock is owned by company 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.