National Bankshares Issues Pessimistic Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective cut by stock analysts at National Bankshares from C$40.00 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 64.61% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets dropped their price objective on North American Construction Group from C$34.00 to C$30.00 in a research note on Thursday, April 17th. Raymond James Financial cut North American Construction Group from a “strong-buy” rating to an “outperform” rating and set a C$40.00 price target on the stock. in a report on Tuesday, April 22nd. Atb Cap Markets lowered North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Canaccord Genuity Group cut shares of North American Construction Group from a “strong-buy” rating to a “hold” rating and decreased their price objective for the stock from C$33.00 to C$24.50 in a research report on Friday, July 11th. Finally, TD Securities lowered shares of North American Construction Group from a “buy” rating to a “hold” rating and dropped their target price for the company from C$25.00 to C$21.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$32.06.

North American Construction Group Trading Down 4.4%

Shares of North American Construction Group stock opened at C$17.01 on Friday. The company’s 50-day moving average price is C$22.11 and its 200-day moving average price is C$23.02. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. North American Construction Group has a 12-month low of C$16.95 and a 12-month high of C$31.67. The company 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.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron sold 10,000 shares of the business’s stock in a transaction that occurred 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. Company 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.