North American Construction Group Ltd. (TSE:NOA) Given Average Rating of "Buy" by Analysts

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has earned an average recommendation of "Buy" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$36.25.

A number of equities analysts have weighed in on NOA shares. BMO Capital Markets decreased their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. Ventum Financial reduced their target price on shares of North American Construction Group from C$52.00 to C$47.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$30.00 to C$32.00 and gave the company a "buy" rating in a research report on Friday, November 1st. TD Securities lowered their price target on shares of North American Construction Group from C$34.00 to C$33.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Finally, National Bankshares boosted their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron bought 2,900 shares of the company's stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of C$27.68 per share, for a total transaction of C$80,272.00. Also, Director Maryse C. Saint-Laurent bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. Insiders bought 13,900 shares of company stock worth $372,377 over the last 90 days. 8.93% of the stock is owned by insiders.

North American Construction Group Stock Down 0.2 %

Shares of TSE NOA traded down C$0.06 on Tuesday, reaching C$27.47. 35,426 shares of the company's stock traded hands, compared to its average volume of 67,143. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The business's 50 day simple moving average is C$25.70 and its two-hundred day simple moving average is C$26.52. The company has a market cap of C$734.27 million, a price-to-earnings ratio of 15.04, 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 1.03 and a debt-to-equity ratio of 210.33.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. This is an increase from North American Construction Group's previous quarterly dividend of $0.10. North American Construction Group's payout ratio is currently 21.86%.

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.