North American Construction Group Ltd. (TSE:NOA) Receives C$38.13 Consensus Target Price from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$38.13.

Several analysts recently weighed in on NOA shares. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. National Bankshares dropped their target price on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. 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 report on Thursday, January 30th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at C$23.75 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87. The stock has a market cap of C$635.72 million, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.79 and a beta of 1.59. The company’s fifty day moving average is C$28.18 and its 200 day moving average is C$27.17.

North American Construction Group Dividend Announcement

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 issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.02%. North American Construction Group’s dividend payout ratio is currently 18.81%.

Insider Activity

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

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.