Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$50.36

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$50.36.

A number of research firms have recently weighed in on BDGI. Stifel Nicolaus raised their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Raymond James lowered their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, CIBC lifted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research note on Monday, February 3rd.

Badger Infrastructure Solutions Stock Down 1.2 %

TSE:BDGI opened at C$39.35 on Friday. Badger Infrastructure Solutions has a fifty-two week low of C$34.85 and a fifty-two week high of C$51.50. The stock has a market capitalization of C$939.97 million, a P/E ratio of 22.78 and a beta of 1.14. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The company’s 50-day simple moving average is C$38.27 and its 200-day simple moving average is C$38.05.

Badger Infrastructure Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 1.83%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s payout ratio is 41.68%.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.