ATB Capital Issues Pessimistic Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA had its price objective reduced by stock analysts at ATB Capital from C$37.00 to C$34.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Capital's target price suggests a potential upside of 54.55% from the company's current price.

A number of other equities analysts have also recently commented on NOA. TD Securities decreased their target price on shares of North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets lowered their target price on North American Construction Group from C$34.00 to C$30.00 in a research note on Thursday, April 17th. Raymond James Financial lowered North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price target on the stock. in a research report on Tuesday, April 22nd. CIBC decreased their price target on North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. Finally, National Bankshares dropped their price objective on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, North American Construction Group presently has a consensus rating of "Buy" and an average price target of C$35.38.

North American Construction Group Price Performance

TSE NOA traded down C$0.85 on Friday, reaching C$22.00. 202,083 shares of the company's stock traded hands, compared to its average volume of 80,507. The stock has a market cap of C$588.87 million, a PE ratio of 10.34, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a 12 month low of C$18.83 and a 12 month high of C$31.67. The stock has a 50-day simple moving average of C$23.03 and a 200 day simple moving average of C$25.20. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of C$22.27 per share, for a total transaction of C$222,700.00. 8.93% of the stock is owned by corporate 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.

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