North American Construction Group (TSE:NOA) Price Target Lowered to C$37.00 at CIBC

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price trimmed by CIBC from C$38.00 to C$37.00 in a research note released on Thursday,BayStreet.CA reports.

NOA has been the subject of a number of other reports. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a research report on Thursday, January 30th. BMO Capital Markets reduced their target price on North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. National Bankshares dropped their price target on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Ventum Financial cut their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, North American Construction Group has an average rating of “Buy” and an average target price of C$37.25.

North American Construction Group Stock Up 3.1 %

Shares of TSE:NOA opened at C$19.87 on Thursday. The firm has a 50 day simple moving average of C$24.02 and a 200-day simple moving average of C$26.56. North American Construction Group has a twelve month low of C$18.83 and a twelve month high of C$31.67. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The company has a market capitalization of C$531.86 million, a PE ratio of 9.34, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group’s dividend payout ratio is presently 18.81%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron acquired 10,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of C$22.27 per share, for a total transaction of C$222,700.00. In the last ninety days, insiders have purchased 18,000 shares of company stock worth $408,772. 8.93% of the stock is currently owned by insiders.

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.