National Bank Financial Reiterates “C$22.50” Price Target for North American Construction Group (NOA)

National Bank Financial set a C$22.50 price objective on North American Construction Group (TSE:NOA) (NYSE:NOA) in a research report sent to investors on Saturday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on NOA. Raymond James raised their target price on shares of North American Construction Group from C$15.50 to C$20.00 and gave the company an outperform rating in a research note on Wednesday, February 27th. Pi Financial raised their target price on shares of North American Construction Group from C$20.00 to C$23.00 in a research note on Wednesday, February 27th. Finally, Canaccord Genuity raised their target price on shares of North American Construction Group from C$22.00 to C$23.00 in a research note on Wednesday, February 27th.

Shares of TSE:NOA opened at C$16.30 on Friday. North American Construction Group has a 52-week low of C$6.62 and a 52-week high of C$17.46.

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 12th were paid a $0.02 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.08 annualized dividend and a yield of 0.49%.

In other North American Construction Group news, Senior Officer Joseph Charles Lambert sold 9,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$16.59, for a total transaction of C$152,628.00. Following the completion of the sale, the insider now directly owns 66,032 shares in the company, valued at C$1,095,470.88. Also, Director Martin Robert Ferron sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$16.55, for a total transaction of C$99,300.00. Following the sale, the director now owns 1,668,773 shares of the company’s stock, valued at C$27,618,193.15. Insiders sold a total of 27,300 shares of company stock valued at $454,413 over the last quarter.

About North American Construction Group

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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