North American Construction Group Ltd. (TSE:NOA) Given Average Recommendation of "Moderate Buy" by 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 received an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$32.06.

Several research analysts have weighed in on NOA shares. Atb Cap Markets lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. ATB Capital reduced their target price on 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. Cibc World Mkts lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. CIBC reduced their target price 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 reduced their target price for the stock from C$25.00 to C$21.00 in a report on Thursday, August 14th.

North American Construction Group Trading Down 1.7%

Shares of North American Construction Group stock traded down C$0.32 during trading on Monday, reaching C$18.62. 24,989 shares of the company were exchanged, compared to its average volume of 91,796. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. North American Construction Group has a twelve month low of C$16.78 and a twelve month high of C$31.67. The business has a 50-day moving average price of C$19.83 and a 200-day moving average price of C$21.71. The firm has a market capitalization of C$543.09 million, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.79 and a beta of 0.88.

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.