North American Construction Group (TSE:NOA) Price Target Raised to C$32.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lifted by Canaccord Genuity Group from C$30.00 to C$32.00 in a research note published on Friday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also recently weighed in on NOA. ATB Capital lowered their price objective on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. TD Securities lowered their price target on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. National Bankshares lifted their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday. Ventum Financial decreased their target price 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. Finally, Raymond James lowered their target price 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 report on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$36.25.

North American Construction Group Price Performance

Shares of TSE NOA opened at C$27.34 on Friday. The firm has a market cap of C$730.80 million, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The business’s 50 day moving average is C$25.19 and its 200-day moving average is C$26.55. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. North American Construction Group has a 1-year low of C$22.68 and a 1-year high of C$34.87.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. 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 Buying and Selling

In other news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. In other North American Construction Group news, Director Maryse C. Saint-Laurent bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron bought 3,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of C$24.15 per share, with a total value of C$72,460.80. In the last 90 days, insiders have bought 12,000 shares of company stock worth $290,121. Corporate insiders own 8.93% of the company’s stock.

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.