North American Construction Group (TSE:NOA) Price Target Lowered to C$34.00 at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective decreased by BMO Capital Markets from C$35.00 to C$34.00 in a research note published on Thursday,BayStreet.CA reports.

A number of other research firms also recently issued reports on NOA. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a research report on Thursday, January 30th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Canaccord Genuity Group boosted their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, National Bankshares decreased their price target on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and a consensus price target of C$38.38.

North American Construction Group Stock Down 4.8 %

Shares of TSE NOA opened at C$23.68 on Thursday. The company has a market capitalization of C$633.84 million, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$21.88 and a 52-week high of C$31.91. 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 company’s 50 day moving average price is C$26.65 and its 200-day moving average price is C$27.04.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the firm’s stock in a transaction on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. 8.93% of the stock is currently owned by insiders.

About North American Construction Group

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.