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

North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its price objective lowered by Ventum Financial from C$45.00 to C$42.00 in a research report released on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price objective on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. 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 research note on Thursday, January 30th. CIBC raised shares of North American Construction Group from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. 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 report on Friday. Finally, BMO Capital Markets reduced their price target on North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$37.38.

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North American Construction Group Price Performance

Shares of TSE NOA traded down C$0.14 during mid-day trading on Friday, hitting C$23.25. 31,967 shares of the stock traded hands, compared to its average volume of 84,372. The company has a market cap of C$622.33 million, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a twelve month low of C$21.88 and a twelve month 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 has a 50 day simple moving average of C$26.41 and a two-hundred day simple moving average of C$27.00.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, March 13th. North American Construction Group's dividend payout ratio (DPR) is 18.81%.

Insiders Place Their Bets

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