Canaccord Genuity Group Raises North American Construction Group (TSE:NOA) Price Target to C$33.00

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA had its target price raised by research analysts at Canaccord Genuity Group from C$32.00 to C$33.00 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group's price objective would indicate a potential upside of 12.24% from the company's current price.

Other equities analysts have also issued research reports about the company. National Bankshares raised their price target on North American Construction Group from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. ATB Capital lowered their target price on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. CIBC upgraded North American Construction Group from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday. Cibc World Mkts upgraded shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, Raymond James boosted their price objective on shares of North American Construction Group from C$35.00 to C$40.00 in a research note on Friday. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$37.63.

North American Construction Group Stock Performance

TSE:NOA traded down C$0.15 during trading hours on Friday, reaching C$29.40. 136,400 shares of the company's stock were exchanged, compared to its average volume of 67,600. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The firm has a market capitalization of C$785.86 million, a price-to-earnings ratio of 16.07, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1-year low of C$22.68 and a 1-year high of C$34.87. The company has a 50-day moving average of C$26.56 and a 200 day moving average of C$26.50.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron acquired 3,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of C$24.15 per share, with a total value of C$72,460.80. In the last ninety days, insiders have purchased 11,900 shares of company stock worth $320,617. Corporate 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.