North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective lifted by research analysts at National Bank Financial to C$24.00 in a report released on Friday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 34.08% from the company’s current price.
A number of other equities research analysts have also recently commented on NOA. Canaccord Genuity increased their target price on shares of North American Construction Group from C$20.00 to C$21.00 in a research report on Friday, February 19th. BMO Capital Markets raised their target price on North American Construction Group from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 2nd. Raymond James boosted their price target on shares of North American Construction Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday. National Bankshares raised their price objective on shares of North American Construction Group from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, April 30th. Finally, ATB Capital boosted their target price on shares of North American Construction Group from C$23.00 to C$23.50 and gave the company a “na” rating in a report on Thursday. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$21.69.
Shares of North American Construction Group stock traded up C$0.78 on Friday, hitting C$17.90. The company’s stock had a trading volume of 97,989 shares, compared to its average volume of 93,585. The firm has a market cap of C$502.97 million and a P/E ratio of 11.68. North American Construction Group has a 1 year low of C$7.55 and a 1 year high of C$18.21. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 176.18. The firm’s fifty day moving average is C$15.60.
In related news, insider North American Construction Group Ltd. bought 5,000 shares of the stock in a transaction that occurred on Wednesday, April 14th. The stock was purchased at an average cost of C$13.97 per share, with a total value of C$69,850.00. Following the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately C$69,850. Over the last quarter, insiders purchased 22,000 shares of company stock valued at $305,635.
North American Construction Group Company Profile
North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.
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