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

Badger Infrastructure Solutions (TSE:BDGI - Free Report) had its price objective upped by CIBC from C$49.00 to C$52.00 in a research note published on Friday,BayStreet.CA reports.

Other analysts have also issued research reports about the company. Stifel Nicolaus reduced their target price on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a "buy" rating for the company in a report on Friday, November 1st. Raymond James reduced 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 report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Badger Infrastructure Solutions has a consensus rating of "Moderate Buy" and a consensus price target of C$49.64.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI remained flat at C$37.43 during trading hours on Friday. The company's stock had a trading volume of 41,919 shares, compared to its average volume of 72,555. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The firm has a 50-day moving average price of C$38.86 and a 200-day moving average price of C$38.63. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50. The firm has a market capitalization of C$1.29 billion, a PE ratio of 22.82 and a beta of 1.14.

Badger Infrastructure Solutions Announces Dividend

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

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephanie Cuskley bought 1,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was purchased 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 insiders.

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.