North American Construction Group Ltd. (TSE:NOA) Receives Average Rating of "Buy" from Brokerages

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 stock, Marketbeat reports. Seven equities 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 objective among brokerages that have covered the stock in the last year is C$35.75.

NOA has been the topic of a number of research analyst reports. 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 on the stock in a research report on Wednesday, April 16th. Raymond James cut shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 target price for the company. in a report on Tuesday, April 22nd. Ventum Financial reduced their target price 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 report on Friday, March 21st. National Bankshares reduced their price objective on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, BMO Capital Markets reduced 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.

North American Construction Group Trading Up 3.4%

Shares of TSE NOA opened at C$22.67 on Tuesday. The firm's 50 day moving average price is C$22.01 and its 200-day moving average price is C$26.04. The company has a market cap of C$606.81 million, a PE ratio of 10.66, a P/E/G 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. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th were issued a $0.12 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.12%. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron bought 10,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of C$22.27 per share, with a total value of C$222,700.00. Insiders have purchased 18,000 shares of company stock valued at $408,772 in the last 90 days. Company insiders own 8.93% of the company's stock.

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.

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