North American Construction Group (TSE:NOA) Price Target Cut to C$36.00 by Analysts at CIBC

North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its price target trimmed by CIBC from C$37.00 to C$36.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other research analysts also recently commented on NOA. 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. TD Securities dropped their price objective on North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets dropped their price objective on North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. Ventum Financial dropped their price objective on North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Raymond James downgraded North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price objective on the stock. in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$35.63.

North American Construction Group Stock Up 0.4%

TSE NOA traded up C$0.09 during trading hours on Thursday, hitting C$23.67. 20,522 shares of the company were exchanged, compared to its average volume of 86,042. The company has a 50 day moving average of C$21.97 and a two-hundred day moving average of C$25.84. 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 firm has a market cap of C$633.58 million, a price-to-earnings ratio of 11.13, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.03%. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron bought 4,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of C$23.31 per share, with a total value of C$93,236.00. Insiders bought a total of 18,000 shares of company stock valued at $408,772 in the last three months. 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.