North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lifted by stock analysts at National Bankshares from C$23.00 to C$24.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 34.08% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Canaccord Genuity raised their price target on North American Construction Group from C$20.00 to C$21.00 in a research note on Friday, February 19th. TD Securities raised their target price on shares of North American Construction Group from C$17.00 to C$18.00 and gave the company a “na” rating in a research note on Thursday. Pi Financial upped their price target on shares of North American Construction Group from C$17.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, February 19th. ATB Capital lifted their price objective on shares of North American Construction Group from C$23.00 to C$23.50 and gave the company a “na” rating in a research report on Thursday. Finally, National Bank Financial boosted their price objective on shares of North American Construction Group to C$24.00 and gave the stock an “outperform” rating in a research note on Friday. Seven investment analysts have rated the stock with a buy rating, North American Construction Group currently has a consensus rating of “Buy” and an average price target of C$21.69.
NOA traded up C$0.78 during trading hours on Friday, hitting C$17.90. 97,989 shares of the company’s stock were exchanged, compared to its average volume of 93,585. The company has a market capitalization of C$502.97 million and a PE 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 firm has a 50-day moving average price of C$15.60. The company has a debt-to-equity ratio of 176.18, a quick ratio of 0.83 and a current ratio of 1.08.
In related news, insider North American Construction Group Ltd. bought 2,000 shares of North American Construction Group stock in a transaction that occurred on Monday, April 26th. The stock was acquired at an average price of C$13.95 per share, with a total value of C$27,890.00. Following the acquisition, the insider now owns 2,000 shares of the company’s stock, valued at approximately C$27,890. In the last 90 days, insiders have bought 22,000 shares of company stock valued at $305,635.
About North American Construction Group
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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