BMO Capital Markets Lowers North American Construction Group (TSE:NOA) Price Target to C$25.00

Key Points

• BMO Capital Markets has reduced the price target for North American Construction Group from C$27.00 to C$25.00, indicating a potential upside of 30.82% from the current stock price.
• Several other brokerages have also downgraded their ratings for the stock, with many moving from a "strong-buy" to a "hold" rating.
• As of now, North American Construction Group's stock is priced at C$19.11, representing a 5.0% decrease on the latest trading day.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA had its price target decreased by research analysts at BMO Capital Markets from C$27.00 to C$25.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 30.82% from the stock's current price.

A number of other brokerages have also weighed in on NOA. Atb Cap Markets lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Cibc World Mkts lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. ATB Capital dropped their price objective on shares of North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating on the stock in a report on Friday, June 27th. TD Securities lowered shares of North American Construction Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$25.00 to C$21.00 in a report on Thursday, August 14th. Finally, Canaccord Genuity Group lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from C$33.00 to C$24.50 in a report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, North American Construction Group presently has a consensus rating of "Moderate Buy" and a consensus target price of C$31.50.

North American Construction Group Stock Down 5.0%

TSE NOA traded down C$1.00 on Friday, hitting C$19.11. The stock had a trading volume of 127,231 shares, compared to its average volume of 95,628. The business's fifty day moving average price is C$19.39 and its 200 day moving average price is C$21.30. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. North American Construction Group has a 52-week low of C$16.78 and a 52-week high of C$31.67. The stock has a market cap of C$557.38 million, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.75.

About North American Construction Group

North American Construction Group Ltd is Canada's provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.