North American Construction Group Ltd. (TSE:NOA) Receives C$36.00 Consensus Target Price from Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has earned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$36.00.

A number of equities analysts have issued reports on the stock. BMO Capital Markets cut their price objective on shares of North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. CIBC reduced their price objective on shares of North American Construction Group from C$38.00 to C$37.00 in a research report on Thursday, April 10th. National Bankshares decreased their price objective on shares of 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, March 21st. TD Securities cut their target price on North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Ventum Financial decreased their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, March 21st.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at C$21.17 on Friday. The company has a market cap of C$566.66 million, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. 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 52 week low of C$18.83 and a 52 week high of C$31.67. The business has a 50 day moving average price of C$23.17 and a 200-day moving average price of C$26.35.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, March 13th. North American Construction Group’s dividend payout ratio is currently 18.81%.

Insider Buying and Selling at North American Construction Group

In related news, Director Martin Robert Ferron bought 4,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were purchased at an average price of C$23.31 per share, for a total transaction of C$93,236.00. Insiders have bought a total of 18,000 shares of company stock worth $408,772 over the last ninety days. 8.93% of the stock is currently owned by company insiders.

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.