Ventum Financial 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 Ventum Financial from C$45.00 to C$42.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s target price indicates a potential upside of 81.82% from the stock’s previous close.

Several other brokerages also recently commented on NOA. Canaccord Genuity Group upped their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. National Bankshares decreased their target price on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research note on Friday. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets cut their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$37.38.

North American Construction Group Stock Performance

TSE NOA opened at C$23.10 on Friday. North American Construction Group has a 52-week low of C$21.88 and a 52-week high of C$31.91. 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 company has a market capitalization 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. The company has a fifty day moving average of C$26.52 and a 200-day moving average of C$27.02.

Insider Buying and Selling at North American Construction Group

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