North American Construction Group (TSE:NOA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target boosted by investment analysts at Canaccord Genuity Group from C$32.00 to C$33.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 12.24% from the company’s previous close.

NOA has been the topic of a number of other research reports. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$30.00 to C$38.00 in a research report on Thursday. National Bankshares lifted their target price on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. ATB Capital reduced their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Raymond James lifted their target price on North American Construction Group from C$35.00 to C$40.00 in a research report on Friday. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$37.63.

North American Construction Group Price Performance

TSE:NOA opened at C$29.40 on Friday. North American Construction Group has a 52 week low of C$22.68 and a 52 week high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The company has a market capitalization of C$785.86 million, a P/E ratio of 16.07, a P/E/G ratio of 0.79 and a beta of 1.59. The stock’s fifty day moving average is C$26.56 and its two-hundred day moving average is C$26.50.

Insider Buying and Selling

In related news, Director Martin Robert Ferron bought 6,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$27.98 per share, with a total value of C$167,884.20. Insiders purchased 11,900 shares of company stock valued at $320,617 in the last three months. 8.93% of the stock is owned by corporate insiders.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.