North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$24.75 and traded as low as C$22.33. North American Construction Group shares last traded at C$22.86, with a volume of 53,357 shares.
Analysts Set New Price Targets
A number of equities analysts have commented on NOA shares. Raymond James Financial cut North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price target on the stock. in a research note on Tuesday, April 22nd. CIBC dropped their price target on North American Construction Group from C$37.00 to C$36.00 in a research report on Thursday, May 22nd. Ventum Financial decreased 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 research note on Friday, March 21st. TD Securities dropped their price target 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 note on Wednesday, April 16th. Finally, BMO Capital Markets reduced their target price on North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, North American Construction Group currently has an average rating of "Buy" and a consensus price target of C$35.38.
Read Our Latest Stock Report on NOA
North American Construction Group Stock Up 1.1%
The firm has a market capitalization of C$611.89 million, a P/E ratio of 10.75, a PEG ratio of 0.79 and a beta of 1.59. 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 business's fifty day moving average price is C$23.22 and its two-hundred day moving average price is C$24.75.
North American Construction Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.
Insider Buying and Selling 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 stock was sold at an average price of C$24.74, for a total transaction of C$247,400.00. Corporate insiders own 8.93% of the company's stock.
North American Construction Group Company Profile
(
Get Free Report)
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.
Further Reading
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