North American Construction Group (TSE:NOA) Given New C$34.00 Price Target at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lowered by analysts at BMO Capital Markets from C$35.00 to C$34.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 41.78% from the company’s current price.

Several other research firms also recently weighed in on NOA. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price for the company 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 boosted their target price for the company from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Canaccord Genuity Group boosted their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Finally, National Bankshares decreased their price objective on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$38.38.

North American Construction Group Trading Down 3.6 %

TSE NOA traded down C$0.89 during trading on Thursday, hitting C$23.98. The stock had a trading volume of 149,906 shares, compared to its average volume of 82,581. 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 has a market capitalization of C$641.87 million, a price-to-earnings ratio of 11.27, a P/E/G 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$26.77 and a 200 day simple moving average of C$27.05.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction that occurred 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 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.