BMO Capital Markets Lowers North American Construction Group (TSE:NOA) Price Target to C$30.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price reduced by equities research analysts at BMO Capital Markets from C$34.00 to C$30.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 41.38% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. 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 objective for the company in a research report on Thursday, January 30th. TD Securities dropped their price objective on North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating for the company in a research note on Wednesday. Ventum Financial decreased their target price on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. CIBC lowered their target price on North American Construction Group from C$38.00 to C$37.00 in a report on Thursday, April 10th. Finally, National Bankshares reduced their price target on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, North American Construction Group currently has a consensus rating of “Buy” and a consensus target price of C$36.00.

North American Construction Group Stock Up 0.7 %

Shares of NOA opened at C$21.22 on Thursday. The company’s 50-day moving average price is C$23.39 and its 200 day moving average price is C$26.40. North American Construction Group has a 12-month low of C$18.83 and a 12-month high of C$31.67. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The firm has a market cap of C$568.00 million, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron acquired 10,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of C$22.27 per share, for a total transaction of C$222,700.00. Insiders bought 18,000 shares of company stock worth $408,772 in the last 90 days. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

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.