Brokerages Set North American Construction Group Ltd. (TSE:NOA) Target Price at C$37.38

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has earned a consensus rating of "Buy" from the eight brokerages that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$37.38.

A number of research firms have recently commented on NOA. CIBC upgraded North American Construction Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. National Bankshares cut their price target on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Finally, Raymond James raised 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 report on Thursday, January 30th.

Remove Ads

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average price of C$23.31 per share, with a total value of C$93,236.00. 8.93% of the stock is currently owned by insiders.

North American Construction Group Stock Performance

TSE:NOA traded down C$1.28 during midday trading on Monday, reaching C$23.02. The stock had a trading volume of 95,990 shares, compared to its average volume of 85,718. The stock has a market capitalization of C$616.18 million, a P/E ratio of 10.82, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1-year low of C$21.88 and a 1-year high of C$31.91. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The firm's fifty day simple moving average is C$26.16 and its 200-day simple moving average is C$26.96.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, March 13th. North American Construction Group's payout ratio is 18.81%.

North American Construction Group Company Profile

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.