Analysts Set North American Construction Group Ltd. (TSE:NOA) Target Price at C$37.38

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$37.38.

A number of research firms have recently weighed in on NOA. BMO Capital Markets cut their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. National Bankshares reduced their price target on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective on the stock in a report on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their target price on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th.

Insiders Place Their Bets

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

North American Construction Group Price Performance

Shares of NOA opened at C$24.30 on Monday. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market cap of C$650.44 million, a PE ratio of 11.42, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a twelve month low of C$21.88 and a twelve month high of C$31.91. The firm’s 50 day moving average price is C$26.16 and its 200 day moving average price is C$26.96.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is currently 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.