North American Construction Group (NOA) Upgraded at Raymond James
Raymond James upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a market perform rating to a strong-buy rating in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has C$22.00 price objective on the stock.
NOA has been the subject of a number of other reports. National Bank Financial reissued an outperform rating and set a C$22.50 target price on shares of North American Construction Group in a research note on Tuesday, April 2nd. Pi Financial upped their price target on North American Construction Group from C$20.00 to C$23.00 in a research report on Wednesday, February 27th. Finally, Canaccord Genuity upped their price target on North American Construction Group from C$22.00 to C$23.00 in a research report on Wednesday, February 27th.
TSE NOA opened at C$16.42 on Monday. North American Construction Group has a 52-week low of C$6.62 and a 52-week high of C$18.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, May 30th.
In other North American Construction Group news, Senior Officer Barry Wade Palmer sold 5,100 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$16.85, for a total transaction of C$85,935.00. Following the completion of the transaction, the insider now owns 62,989 shares of the company’s stock, valued at approximately C$1,061,364.65. Also, Director Martin Robert Ferron sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of C$16.70, for a total value of C$66,800.00. Following the transaction, the director now directly owns 1,671,773 shares of the company’s stock, valued at approximately C$27,918,609.10. In the last ninety days, insiders have acquired 5,000 shares of company stock valued at $78,340 and have sold 27,300 shares valued at $454,413.
North American Construction Group Company Profile
North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.
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