In a report issued on November 5, Poe Fratt from Noble Financial maintained a Buy rating on Great Lakes Dredge & Dock (GLDD). The company’s shares closed yesterday at $6.73, close to its 52-week high of $6.97.
Fratt has an average return of 8.5% when recommending Great Lakes Dredge & Dock.
According to TipRanks.com, Fratt is ranked #734 out of 4907 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Great Lakes Dredge & Dock.
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The company has a one-year high of $6.97 and a one-year low of $4.15. Currently, Great Lakes Dredge & Dock has an average volume of 149.1K.
Based on the recent corporate insider activity of 30 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.
