Noble Financial analyst Ben Klieve assigned a Buy rating to Great Lakes Dredge & Dock (NASDAQ: GLDD) today and set a price target of $7.50. The company’s shares opened today at $4.95.
According to TipRanks.com, Klieve is a 1-star analyst with an average return of -0.4% and a 53.6% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, CPI Aerostructures, and Faro Technologies.
Great Lakes Dredge & Dock has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
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The company has a one-year high of $5.70 and a one-year low of $3.60. Currently, Great Lakes Dredge & Dock has an average volume of 157.5K.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GLDD in relation to earlier this year.
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Great Lakes Dredge & Dock Corp. provides dredging services. It operates through two segments: Dredging and Environmental & Infrastructure. The Dredging segment involves in the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock.
