TD Securities Cuts North American Construction Group (TSE:NOA) Price Target to C$27.00

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA had its price target lowered by equities research analysts at TD Securities from C$33.00 to C$27.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 27.24% from the company's previous close.

A number of other brokerages have also issued reports on NOA. BMO Capital Markets reduced their target price on North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday, March 20th. National Bankshares reduced their price target on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Ventum Financial cut 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 research note on Friday, March 21st. Raymond James raised shares of North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 price target on the stock in a report on Thursday, January 30th. Finally, CIBC lowered their target price on North American Construction Group from C$38.00 to C$37.00 in a research note on Thursday, April 10th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$36.00.

North American Construction Group Stock Up 0.7 %

Shares of NOA stock traded up C$0.15 during trading hours on Wednesday, reaching C$21.22. 125,910 shares of the company's stock were exchanged, compared to its average volume of 89,188. 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 company has a market cap of C$568.00 million, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$18.83 and a fifty-two week high of C$31.67. The stock's 50 day moving average is C$23.39 and its 200-day moving average is C$26.40.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron purchased 4,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of C$23.31 per share, for a total transaction of C$93,236.00. Insiders have acquired a total of 18,000 shares of company stock valued at $408,772 in the last 90 days. 8.93% of the stock is owned by insiders.

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.