North American Construction Group (TSE:NOA) Given New C$30.00 Price Target at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective lowered by analysts at BMO Capital Markets from C$34.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 40.91% from the stock’s previous close.

A number of other research firms have also commented on NOA. National Bankshares reduced their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. CIBC decreased their price target on shares of North American Construction Group from C$38.00 to C$37.00 in a research note on Thursday, April 10th. Raymond James raised 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. Ventum Financial lowered their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, TD Securities dropped their target price on shares of North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$36.00.

North American Construction Group Stock Performance

NOA stock traded up C$0.22 during midday trading on Thursday, hitting C$21.29. 83,017 shares of the company traded hands, compared to its average volume of 88,560. The stock has a market capitalization of C$569.87 million, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The business has a 50 day simple moving average of C$23.64 and a 200-day simple moving average of C$26.46. North American Construction Group has a twelve month low of C$18.83 and a twelve month high of C$31.67. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of C$23.21 per share, with a total value of C$92,835.60. Insiders bought a total of 18,000 shares of company stock worth $408,772 in the last three months. 8.93% of the stock is currently owned by company insiders.

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.