North American Construction Group (TSE:NOA) Price Target Cut to C$41.00 by Analysts at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective decreased by analysts at National Bankshares from C$44.00 to C$41.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 77.49% from the stock’s current price.

Other analysts also recently issued reports about the company. Canaccord Genuity Group increased their price objective on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. 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. Finally, BMO Capital Markets decreased their price objective on North American Construction Group from C$35.00 to C$34.00 in a report on Thursday. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$37.38.

North American Construction Group Stock Down 2.4 %

Shares of TSE:NOA opened at C$23.10 on Friday. The company has a fifty day moving average of C$26.52 and a 200-day moving average of C$27.02. The company has a market capitalization of C$618.32 million, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group has a 52-week low of C$21.88 and a 52-week high of C$31.91.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. Company insiders own 8.93% of the company’s stock.

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.