North American Construction Group (TSE:NOA) Upgraded to Strong-Buy at Raymond James

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by equities research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Tuesday,BayStreet.CA reports. The firm currently has a C$40.00 price objective on the stock. Raymond James’ price objective suggests a potential upside of 32.71% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their price target on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. National Bankshares increased their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, ATB Capital cut their price target on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, North American Construction Group has a consensus rating of “Buy” and a consensus price target of C$37.63.

North American Construction Group Price Performance

TSE:NOA traded up C$0.15 during mid-day trading on Tuesday, reaching C$30.14. 57,970 shares of the company were exchanged, compared to its average volume of 55,635. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The company has a fifty day moving average of C$29.35 and a 200 day moving average of C$27.03. The stock has a market cap of C$805.64 million, a PE ratio of 16.47, a PEG ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. 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.