North American Construction Group (TSE:NOA) Stock Rating Lowered by Atb Cap Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) was downgraded by research analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on NOA. Canaccord Genuity Group lowered North American Construction Group from a “strong-buy” rating to a “hold” rating and cut their target price for the company from C$33.00 to C$24.50 in a research report on Friday, July 11th. CIBC cut their target price on North American Construction Group from C$37.00 to C$36.00 in a research report on Thursday, May 22nd. TD Securities lowered North American Construction Group from a “strong-buy” rating to a “hold” rating and cut their target price for the company from C$25.00 to C$21.00 in a research report on Thursday. BMO Capital Markets cut their target price on North American Construction Group from C$34.00 to C$30.00 in a research report on Thursday, April 17th. Finally, Raymond James Financial lowered North American Construction Group from a “strong-buy” rating to an “outperform” rating and set a C$40.00 target price on the stock. in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and an average target price of C$32.06.

North American Construction Group Stock Down 4.4%

Shares of TSE NOA opened at C$17.01 on Thursday. The firm has a market cap of C$455.31 million, a price-to-earnings ratio of 8.00, a PEG ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. North American Construction Group has a 52-week low of C$16.95 and a 52-week high of C$31.67. The business’s 50 day moving average is C$22.11 and its two-hundred day moving average is C$23.06.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total value of C$247,400.00. 8.93% of the stock is currently owned by company insiders.

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.