BMO Capital Markets Lowers North American Construction Group (TSE:NOA) Price Target to C$34.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lowered by stock analysts at BMO Capital Markets from C$35.00 to C$34.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 47.19% from the stock’s previous close.

NOA has been the subject of a number of other reports. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a report on Thursday, January 30th. National Bankshares decreased their price target on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group lifted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$37.38.

North American Construction Group Stock Down 2.4 %

TSE:NOA opened at C$23.10 on Thursday. The company has a market capitalization of C$618.32 million, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a one year low of C$21.88 and a one year high of C$31.91. The stock has a 50-day simple moving average of C$26.52 and a 200 day simple moving average of C$27.02. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the business’s stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. 8.93% of the stock is owned by company insiders.

About North American Construction Group

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.