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

Key Points

• North American Construction Group Ltd. has received an average consensus rating of "Moderate Buy" from ten research firms, with four analysts recommending a hold and six suggesting a buy.
• The average 12-month target price for the company's stock is set at C$32.06, although some firms have recently downgraded their ratings and price targets significantly.
• The company's stock has a current market capitalization of C$586.55 million and has shown a 1-year price range between C$16.78 and C$31.67.

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

A number of equities research analysts recently issued reports on the company. Cibc World Mkts downgraded North American Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Atb Cap Markets cut North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. TD Securities cut North American Construction Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$25.00 to C$21.00 in a report on Thursday, August 14th. ATB Capital decreased their price target 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 research note on Friday, June 27th. Finally, National Bankshares decreased their price target on shares of North American Construction Group from C$40.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th.

North American Construction Group Stock Performance

TSE NOA opened at C$20.11 on Friday. North American Construction Group has a 1 year low of C$16.78 and a 1 year high of C$31.67. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The stock has a market capitalization of C$586.55 million, a PE ratio of 16.90, a P/E/G ratio of 0.79 and a beta of 0.75. The company's 50 day simple moving average is C$19.39 and its two-hundred day simple moving average is C$21.30.

North American Construction Group Company Profile

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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