North American Construction Group Ltd. (TSE:NOA) Given Consensus Rating of “Moderate Buy” by Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$28.06.

A number of equities analysts have weighed in on the stock. National Bank Financial set a C$28.00 price objective on shares of North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. TD Securities decreased their target price on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$22.48 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 193.35. North American Construction Group has a 12-month low of C$16.78 and a 12-month high of C$25.07. The business’s 50 day moving average is C$21.45 and its two-hundred day moving average is C$20.20. The company has a market capitalization of C$653.61 million, a P/E ratio of 17.70, a P/E/G ratio of 0.79 and a beta of 0.70.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.