National Bankshares Has Lowered Expectations for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lowered by investment analysts at National Bankshares from C$44.00 to C$41.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 77.49% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets lowered their price target on North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday. Canaccord Genuity Group boosted their price objective on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective for the company in a report on Thursday, January 30th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$37.38.

North American Construction Group Price Performance

TSE:NOA opened at C$23.10 on Friday. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The stock’s 50-day simple moving average is C$26.52 and its 200 day simple moving average is C$27.02. The company has a market cap of C$618.32 million, a P/E ratio of 10.86, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$21.88 and a 52-week high of C$31.91.

Insider Activity at North American Construction Group

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