Noble Financial Believes Great Lakes Dredge & Dock (NASDAQ: GLDD) Won’t Stop Here

In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Great Lakes Dredge & Dock (GLDDResearch Report), with a price target of $12.10. The company’s shares opened today at $10.77, close to its 52-week high of $11.45.

Fratt has an average return of 37.7% when recommending Great Lakes Dredge & Dock.

According to TipRanks.com, Fratt is ranked #4278 out of 5204 analysts.

Great Lakes Dredge & Dock has an analyst consensus of Moderate Buy, with a price target consensus of $12.10.

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Great Lakes Dredge & Dock’s market cap is currently $682M and has a P/E ratio of 34.52. The company has a Price to Book ratio of 2.85.

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Great Lakes Dredge & Dock Corp. provides dredging services. It operates through two segments: Dredging and Environmental and 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.