Brokerages Set North American Construction Group Ltd. (TSE:NOA) Price Target at C$35.63

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$35.63.

A number of brokerages have recently weighed in on NOA. ATB Capital reduced their price objective on shares of North American Construction Group from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. CIBC cut their price target on North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. 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 report on Friday, March 21st. National Bankshares dropped their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Raymond James lowered North American Construction Group from a “strong-buy” rating to an “outperform” rating and set a C$40.00 target price on the stock. in a research report on Tuesday, April 22nd.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$22.27 per share, for a total transaction of C$222,700.00. Over the last 90 days, insiders have bought 18,000 shares of company stock worth $408,772. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Stock Up 0.8%

Shares of TSE:NOA opened at C$24.62 on Friday. North American Construction Group has a fifty-two week low of C$18.83 and a fifty-two week high of C$31.67. The firm’s 50 day moving average price is C$22.11 and its 200 day moving average price is C$25.56. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The stock has a market cap of C$659.00 million, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, July 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, June 4th. North American Construction Group’s payout ratio is 18.81%.

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.