North American Construction Group Ltd. (TSE:NOA) Receives C$37.63 Consensus Price Target from Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received an average rating of “Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$37.63.

Several equities analysts have issued reports on the stock. Canaccord Genuity Group upped their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Raymond James increased their price objective on shares of North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. National Bankshares increased their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, ATB Capital reduced their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 2,900 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of C$27.68 per share, with a total value of C$80,272.00. Insiders own 8.93% of the company’s stock.

North American Construction Group Price Performance

NOA opened at C$29.23 on Wednesday. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The stock has a market capitalization of C$781.32 million, a P/E ratio of 15.97, a P/E/G ratio of 0.79 and a beta of 1.59. The company’s 50-day simple moving average is C$29.20 and its two-hundred day simple moving average is C$26.89. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, November 27th. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

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.