Tracey Lynn Wallace acquires 567 shares in Badger Infrastructure Solutions Ltd. (TSE:BDGI).


Tracey Lynn Wallace, Senior Officer of Badger Infrastructure Solutions Ltd. (TSE:BDGI – Get Rating), acquired 567 shares of the stock in a transaction on Friday, June 24. The shares were purchased at an average price of $34.75 per share for a total transaction of $19,703.79. Following the transaction, the insider now owns 1,867 shares of the company, valued at approximately $64,880.02.

Badger Infrastructure Solutions shares rose C$1.52 during trading hours on Friday to hit C$27.84. The stock had a trading volume of 56,920 shares compared to an average volume of 70,626. The stock has a market cap of $959.73 million and a P/E of -278.40. Badger Infrastructure Solutions Ltd. has a 52-week low of CAD$22.54 and a 52-week high of CAD$38.08. The company has a current ratio of 1.77, a quick ratio of 1.44 and a debt to equity ratio of 63.23. The company’s 50-day simple moving average is $29.54.

BDGI has been the subject of several research reports. Stifel Nicolaus increased his price target on Badger Infrastructure Solutions shares from C$34.50 to C$35.00 in a research report on Monday, May 16. TD Securities lowered its target price on Badger Infrastructure Solutions shares from CAD34.00 to CAD33.00 and gave the stock a “hold” rating in a research report on Monday, March 21. Acumen Capital lowered its target price on shares of Badger Infrastructure Solutions to C$36.25 from C$37.00 in a research report on Monday, May 16. Scotiabank raised its price target for shares of Badger Infrastructure Solutions to CAD40.00 from CAD39.00 in a research report on Monday, May 16. Finally, BMO Capital Markets lowered its target price on shares of Badger Infrastructure Solutions from CAD$39.00 to CAD$37.00 in a research report on Monday, March 21st. Two equities research analysts have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $35.25 CAD.


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About Badger Infrastructure Solutions (received rating)

Badger Infrastructure Solutions Ltd. provides non-destructive excavation and related services in Canada and the United States. Badger Hydrovac technology uses a pressurized jet of water to liquify the soil cover, which is then removed using a vacuum system and deposited in a storage tank. The Company provides daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and underground utility engineering test hole applications; excavation of slots; and service repair pits for gas supply, power cable fault repair, water line and service repair, and telecommunications splicing applications.

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