Brokerages Set North American Construction Group Ltd. (TSE:NOA) Price Target at C$38.13

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have earned a consensus rating of "Buy" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$38.13.

A number of brokerages have recently issued reports on NOA. Cibc World Mkts upgraded shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. CIBC upgraded shares of North American Construction Group from a "neutral" rating to an "outperform" rating and upped their target price for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Canaccord Genuity Group upped their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Raymond James upgraded shares of North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 target price on the stock in a research report on Thursday, January 30th. Finally, National Bankshares reduced their target price on shares of North American Construction Group from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th.

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Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the company's stock in a transaction that occurred on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. Insiders own 8.93% of the company's stock.

North American Construction Group Price Performance

TSE:NOA traded down C$0.24 on Thursday, reaching C$25.42. The stock had a trading volume of 93,281 shares, compared to its average volume of 69,397. North American Construction Group has a 1-year low of C$22.68 and a 1-year high of C$34.87. The stock has a fifty day moving average price of C$28.59 and a 200-day moving average price of C$27.20. The company has a market capitalization of C$680.42 million, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group's payout ratio is presently 18.81%.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.