National Bankshares Lowers North American Construction Group (TSE:NOA) Price Target to C$41.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price cut by research analysts at National Bankshares from C$44.00 to C$41.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 76.50% from the company’s previous close.

NOA has been the topic of several other reports. BMO Capital Markets decreased their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective on the stock in a research report on Thursday, January 30th. Canaccord Genuity Group increased their target price on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Finally, Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$37.38.

North American Construction Group Price Performance

Shares of NOA stock traded down C$0.45 during trading on Friday, hitting C$23.23. The company had a trading volume of 88,216 shares, compared to its average volume of 84,174. The stock’s 50-day moving average price is C$26.65 and its 200 day moving average price is C$27.04. North American Construction Group has a one year low of C$21.88 and a one year high of C$31.91. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market capitalization of C$621.80 million, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of the company’s stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40. 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.