North American Construction Group (TSE:NOA) Price Target Cut to C$41.00 by Analysts at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price reduced by National Bankshares from C$44.00 to C$41.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

NOA has been the topic of several other research reports. BMO Capital Markets cut their price target on North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective for the company in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, North American Construction Group presently has an average rating of “Buy” and an average target price of C$37.38.

North American Construction Group Stock Down 2.4 %

Shares of TSE:NOA opened at C$23.10 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The business’s 50 day moving average is C$26.52 and its 200 day moving average is C$27.02. The stock has a market cap of C$618.32 million, a P/E ratio of 10.86, 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.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.08%. North American Construction Group’s dividend payout ratio is currently 18.81%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. Company 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.