North American Construction Group Ltd. (TSE:NOA) Given Average Recommendation of “Buy” by Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$36.25.

Several research analysts recently issued reports on NOA shares. Ventum Financial reduced their price target on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Raymond James decreased their price target on shares of North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. ATB Capital decreased their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Finally, TD Securities dropped their target price on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.

North American Construction Group Price Performance

North American Construction Group stock opened at C$28.43 on Tuesday. The business’s fifty day moving average is C$25.94 and its two-hundred day moving average is C$26.48. 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 firm has a market cap of C$759.93 million, a P/E ratio of 15.54, 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$22.68 and a 52 week high of C$34.87.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio is 21.86%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron purchased 2,900 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of C$27.68 per share, for a total transaction of C$80,272.00. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, with a total value of C$51,760.00. Insiders have purchased 13,900 shares of company stock worth $372,377 in the last three months. 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.