Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Buys 500 Shares of Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGIGet Free Report) Senior Officer Pradeep Atluri purchased 500 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average cost of C$30.00 per share, for a total transaction of C$15,000.00.

Badger Infrastructure Solutions Price Performance

Shares of TSE:BDGI traded up C$0.43 during midday trading on Tuesday, reaching C$40.65. 18,404 shares of the company’s stock traded hands, compared to its average volume of 64,230. The company has a market cap of C$1.40 billion, a P/E ratio of 25.47 and a beta of 1.18. Badger Infrastructure Solutions Ltd. has a 1 year low of C$24.55 and a 1 year high of C$51.50. The company has a fifty day simple moving average of C$45.71 and a two-hundred day simple moving average of C$44.45. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72.

Analysts Set New Price Targets

A number of brokerages have weighed in on BDGI. Stifel Nicolaus lifted their target price on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Scotiabank dropped their target price on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating on the stock in a research note on Monday, May 6th. Canaccord Genuity Group upped their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Raymond James raised their price objective on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, CIBC raised shares of Badger Infrastructure Solutions from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$52.00 to C$54.00 in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average target price of C$53.06.

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About Badger Infrastructure Solutions

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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.

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Insider Buying and Selling by Quarter for Badger Infrastructure Solutions (TSE:BDGI)

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