North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.01 and traded as low as C$21.67. North American Construction Group shares last traded at C$21.79, with a volume of 94,179 shares traded.
Analysts Set New Price Targets
A number of brokerages have weighed in on NOA. CIBC decreased their target price on shares of North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. ATB Capital reduced their target price on shares of North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating for the company in a report on Friday, June 27th. Raymond James Financial downgraded shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 target price on the stock. in a report on Tuesday, April 22nd. Ventum Financial dropped their target price on 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. Finally, TD Securities cut 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 research report on Wednesday, April 16th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, North American Construction Group currently has an average rating of "Buy" and an average price target of C$35.38.
Check Out Our Latest Research Report on North American Construction Group
North American Construction Group Trading Up 3.3%
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 50-day moving average is C$23.07 and its two-hundred day moving average is C$25.01. The stock has a market capitalization of C$602.26 million, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.
North American Construction Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.13%. North American Construction Group's dividend payout ratio (DPR) is 18.81%.
Insider Buying and Selling
In related news, Director Martin Robert Ferron sold 10,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$24.74, for a total value of C$247,400.00. 8.93% of the stock is owned by company insiders.
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.
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