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

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been given a consensus rating of "Buy" by the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$38.13.

A number of research firms have issued reports on NOA. National Bankshares lowered their target price on North American Construction Group from C$45.00 to C$44.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Cibc World Mkts upgraded North American Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. Canaccord Genuity Group raised their price objective 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 price target for the company in a research report on Thursday, January 30th. Finally, CIBC raised shares of North American Construction Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th.

North American Construction Group Trading Up 0.1 %

NOA stock traded up C$0.02 during trading on Friday, hitting C$27.06. The company had a trading volume of 116,539 shares, compared to its average volume of 70,267. The firm has a 50-day moving average price of C$29.48 and a 200-day moving average price of C$27.17. The stock has a market cap of C$723.31 million, a price-to-earnings ratio of 14.79, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. 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 announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This is a boost from North American Construction Group's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.77%. North American Construction Group's payout ratio is 21.86%.

Insider Activity

In other news, Director Martin Robert Ferron bought 2,900 shares of North American Construction Group stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is owned by corporate insiders.

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.