North American Construction Group Ltd. (TSE:NOA) Receives Consensus Rating of “Buy” from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$38.13.

NOA has been the subject of a number of recent analyst reports. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a report on Thursday, January 30th. Canaccord Genuity Group raised their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, National Bankshares dropped their price objective on North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by insiders.

North American Construction Group Stock Up 0.0 %

Shares of TSE:NOA opened at C$25.95 on Thursday. The company has a market capitalization of C$694.60 million, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a 50 day moving average of C$28.74 and a two-hundred day moving average of C$27.17. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.