North American Construction Group Ltd. (TSE:NOA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• North American Construction Group Ltd. has received an average recommendation of "Moderate Buy" from ten brokerage firms, with four recommending a hold and six a buy.
• The company's stock price target has been revised down by several brokerages, with Canaccord Genuity lowering it significantly from C$33.00 to C$24.50.
• As of Monday, shares of North American Construction Group opened at C$18.95, reflecting a 1.7% increase in price.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$32.06.

A number of brokerages have recently issued reports on NOA. Cibc World Mkts downgraded North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Canaccord Genuity Group lowered North American Construction Group from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from C$33.00 to C$24.50 in a report on Friday, July 11th. Atb Cap Markets downgraded North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. CIBC reduced their price objective on North American Construction Group from C$37.00 to C$36.00 in a report on Thursday, May 22nd. Finally, TD Securities lowered North American Construction Group from a "buy" rating to a "hold" rating and cut their price target for the stock from C$25.00 to C$21.00 in a report on Thursday, August 14th.

North American Construction Group Stock Up 1.7%

Shares of NOA opened at C$18.95 on Monday. The company has a market capitalization of C$552.71 million, a PE ratio of 15.92, a PEG ratio of 0.79 and a beta of 0.88. North American Construction Group has a 12 month low of C$16.78 and a 12 month high of C$31.67. The stock's 50-day moving average price is C$20.12 and its two-hundred day moving average price is C$21.84. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25.

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.

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