.jpg "Great Lakes Dredge & Dock (NASDAQ: GLDD)")
In a report released today, Ben Klieve from Noble Financial maintained a Buy rating on Great Lakes Dredge & Dock (NASDAQ: GLDD), with a price target of $7.50. The company’s shares closed yesterday at $5.55, close to its 52-week high of $5.70.
According to TipRanks.com, Klieve is a 3-star analyst with an average return of 7.4% and a 68.1% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Albany International Corp, and CPI Aerostructures.
Currently, the analyst consensus on Great Lakes Dredge & Dock is a Moderate Buy with an average price target 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 141.8K.
Based on the recent corporate insider activity of 40 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
