North American Construction Group (TSE:NOA) Price Target Lowered to C$42.00 at Ventum Financial

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target cut by research analysts at Ventum Financial from C$45.00 to C$42.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price objective would indicate a potential upside of 81.82% from the company’s previous close.

Several other equities research analysts have also recently issued reports on NOA. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. BMO Capital Markets lowered their price objective on shares of North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Canaccord Genuity Group boosted their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Finally, Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a report on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and a consensus target price of C$37.38.

North American Construction Group Price Performance

NOA stock opened at C$23.10 on Friday. The stock has a market cap of C$618.32 million, a PE ratio of 10.86, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. North American Construction Group has a 12 month low of C$21.88 and a 12 month high of C$31.91. The company has a 50-day moving average price of C$26.52 and a 200 day moving average price of C$27.02.

Insider Buying and Selling

In related news, Director Martin Robert Ferron sold 6,209 shares of the business’s 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 transaction of C$196,204.40. 8.93% of the stock is currently owned by company 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.