North American Construction Group (TSE:NOA) PT Set at C$26.00 by ATB Capital

Key Points

• Analysts at ATB Capital have set a price target of C$26.00 for North American Construction Group (TSE:NOA), indicating a potential upside of 19.82% from its previous close.
• Several brokerages have recently downgraded the stock's ratings, with TD Securities lowering their price objective to C$21.00 and National Bankshares adjusting theirs to C$28.00.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of C$30.61 based on analyses from ten equity research analysts.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA has been given a C$26.00 price objective by analysts at ATB Capital in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. ATB Capital's price objective suggests a potential upside of 19.82% from the stock's previous close.

A number of other brokerages also recently commented on NOA. TD Securities downgraded shares of North American Construction Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$25.00 to C$21.00 in a research report on Thursday, August 14th. Atb Cap Markets downgraded shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. National Bankshares reduced their price objective on shares of North American Construction Group from C$40.00 to C$28.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Canaccord Genuity Group downgraded shares of North American Construction Group from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from C$33.00 to C$24.50 in a research report on Friday, July 11th. Finally, BMO Capital Markets reduced their price objective on shares of North American Construction Group from C$27.00 to C$25.00 in a research report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$30.61.

North American Construction Group Stock Performance

TSE:NOA traded up C$0.68 during mid-day trading on Thursday, reaching C$21.70. The stock had a trading volume of 118,649 shares, compared to its average volume of 97,316. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market capitalization of C$632.92 million, a price-to-earnings ratio of 18.24, a PEG ratio of 0.79 and a beta of 0.75. 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 simple moving average of C$19.13 and a 200 day simple moving average of C$21.14.

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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