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 target price dropped by investment analysts at BMO Capital Markets from C$34.00 to C$30.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 41.38% from the stock’s previous close.

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

North American Construction Group Stock Performance

TSE NOA opened at C$21.22 on Thursday. 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 business’s 50 day moving average is C$23.39 and its two-hundred day moving average is C$26.40. The stock has a market capitalization of C$568.00 million, a price-to-earnings ratio of 9.98, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 12-month low of C$18.83 and a 12-month high of C$31.67.

Insider Activity

In other news, Director Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of C$23.21 per share, with a total value of C$92,835.60. Insiders purchased 18,000 shares of company stock valued at $408,772 in the last ninety days. Company insiders own 8.93% of the company’s stock.

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.