Brokerages Set North American Construction Group Ltd. (TSE:NOA) PT at C$26.17

Shares of North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA) have been given an average rating of “Buy” by the ten research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$26.17.

Several research analysts have commented on the stock. BMO Capital Markets lowered their price target on shares of North American Construction Group from C$26.00 to C$24.00 in a report on Thursday, April 28th. Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$28.00 to C$29.00 in a research report on Friday, February 18th. Raymond James upped their price target on shares of North American Construction Group from C$26.50 to C$27.50 and gave the company an “outperform” rating in a research report on Monday, April 25th. CIBC cut their price objective on shares of North American Construction Group from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research report on Friday, April 29th. Finally, National Bankshares upped their price objective on shares of North American Construction Group from C$27.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, February 18th.

In related news, Director Martin Robert Ferron acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were acquired at an average cost of C$15.70 per share, for a total transaction of C$235,500.00. Following the completion of the purchase, the director now directly owns 2,141,857 shares in the company, valued at C$33,627,154.90. Also, insider North American Construction Group Ltd. acquired 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 6th. The shares were bought at an average price of C$17.99 per share, for a total transaction of C$431,719.20. Following the completion of the purchase, the insider now owns 24,000 shares of the company’s stock, valued at C$431,719.20. In the last ninety days, insiders acquired 336,296 shares of company stock valued at $5,555,608.

North American Construction Group stock opened at C$16.34 on Thursday. The company’s 50 day simple moving average is C$17.32 and its 200-day simple moving average is C$18.27. The company has a market capitalization of C$489.78 million and a price-to-earnings ratio of 11.13. North American Construction Group has a 1 year low of C$14.75 and a 1 year high of C$22.00. The company has a debt-to-equity ratio of 141.92, a quick ratio of 0.64 and a current ratio of 1.06.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, July 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, May 26th. North American Construction Group’s dividend payout ratio is presently 13.62%.

North American Construction Group Company Profile (Get Rating)

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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