North American Construction Group Ltd. (TSE:NOA) Receives C$36.25 Average PT from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$36.25.

A number of brokerages recently weighed in on NOA. BMO Capital Markets reduced their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. National Bankshares increased their price objective on North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Raymond James lowered their price objective on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. TD Securities lowered their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Canaccord Genuity Group increased their price objective on North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Maryse C. Saint-Laurent acquired 2,000 shares of North American Construction Group stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of C$25.88 per share, with a total value of C$51,760.00. Also, Director Martin Robert Ferron bought 6,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. Over the last quarter, insiders have purchased 13,900 shares of company stock worth $372,377. Insiders own 8.93% of the company’s stock.

North American Construction Group Stock Up 0.4 %

NOA stock opened at C$27.53 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The business has a 50 day moving average price of C$25.80 and a two-hundred day moving average price of C$26.49. The company has a market cap of C$735.88 million, a price-to-earnings ratio of 14.98, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be given a $0.12 dividend. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s payout ratio is currently 21.86%.

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.