BMO Capital Markets Has Lowered Expectations for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price dropped by equities research 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 would indicate a potential upside of 47.19% from the stock’s previous close.

A number of other research firms have also recently weighed in on NOA. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a research note on Thursday, January 30th. National Bankshares reduced their target price on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock 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 upped their target price for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Canaccord Genuity Group increased their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Finally, Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six 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, the stock currently has a consensus rating of “Buy” and a consensus price target of C$37.38.

North American Construction Group Stock Down 2.4 %

Shares of NOA opened at C$23.10 on Thursday. The company has a 50-day simple moving average of C$26.52 and a 200-day simple moving average of C$27.02. The firm has a market capitalization of C$618.32 million, a P/E ratio of 10.86, a P/E/G 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.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction dated 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 insiders.

North American Construction Group Company Profile

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.