North American Construction Group (TSE:NOA) Given New C$42.00 Price Target at Ventum Financial

North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its target price reduced by Ventum Financial from C$45.00 to C$42.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on NOA. 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. National Bankshares lowered their target price on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research note on Friday. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Canaccord Genuity Group lifted their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Finally, BMO Capital Markets cut their target price on shares of North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$37.38.

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North American Construction Group Price Performance

Shares of NOA stock traded up C$0.29 during trading hours on Friday, hitting C$23.39. 95,732 shares of the company's stock were exchanged, compared to its average volume of 85,315. The stock's 50-day moving average is C$26.52 and its 200-day moving average is C$27.03. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. North American Construction Group has a 52 week low of C$21.88 and a 52 week high of C$31.91. The stock has a market cap of C$626.08 million, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 2.05%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group's dividend payout ratio is currently 18.81%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of the company's stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. Insiders own 8.93% of the company's stock.

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.