North American Construction Group (TSE:NOA) Price Target Cut to C$30.00 by Analysts at BMO Capital Markets

North American Construction Group (TSE:NOAFree Report) (NYSE:NOA) had its price objective cut by BMO Capital Markets from C$34.00 to C$30.00 in a report published on Thursday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on NOA. Ventum Financial dropped their price target on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, March 21st. TD Securities cut their price target on North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating for the company in a research note on Wednesday. National Bankshares lowered their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. CIBC cut their target price on North American Construction Group from C$38.00 to C$37.00 in a research report on Thursday, April 10th. Finally, Raymond James raised 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 note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$36.00.

View Our Latest Stock Analysis on NOA

North American Construction Group Stock Up 0.7 %

NOA stock opened at C$21.22 on Thursday. The business’s 50-day moving average price is C$23.51 and its 200-day moving average price is C$26.43. The stock has a market cap of C$568.00 million, a P/E ratio of 9.98, a PEG ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. North American Construction Group has a twelve month low of C$18.83 and a twelve month high of C$31.67.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, March 13th. North American Construction Group’s dividend payout ratio is presently 18.81%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 4,000 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of C$23.21 per share, with a total value of C$92,835.60. Insiders have bought 18,000 shares of company stock valued at $408,772 in the last ninety days. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

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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.

Further Reading

Analyst Recommendations for North American Construction Group (TSE:NOA)

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