North American Construction Group Ltd. (TSE:NOA) Given Average Recommendation of "Buy" by Analysts

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been given a consensus recommendation of "Buy" by the eight analysts that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$35.38.

A number of research firms have recently commented on NOA. National Bankshares cut their price target on shares of 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. BMO Capital Markets lowered their price objective on shares of North American Construction Group from C$34.00 to C$30.00 in a research note on Thursday, April 17th. Raymond James Financial lowered shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price objective for the company. in a research note on Tuesday, April 22nd. TD Securities lowered their price objective on shares of North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Ventum Financial lowered their price objective on shares of North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating for the company in a research note on Friday, March 21st.

North American Construction Group Trading Up 0.7%

Shares of TSE NOA traded up C$0.16 during mid-day trading on Wednesday, reaching C$22.48. The company had a trading volume of 33,350 shares, compared to its average volume of 80,635. The business's 50-day moving average is C$23.14 and its 200-day moving average is C$24.89. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The stock has a market cap of C$601.72 million, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52 week low of C$18.83 and a 52 week high of C$31.67.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, July 11th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, June 4th. North American Construction Group's payout ratio is 18.81%.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total transaction of C$247,400.00. Insiders own 8.93% of the company's stock.

About North American Construction Group

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.