North American Construction Group Ltd. (TSE:NOA) Given Average Rating of “Hold” by Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$30.61.

NOA has been the topic of a number of analyst reports. TD Securities downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating and cut their price target for the company from C$25.00 to C$21.00 in a research report on Thursday, August 14th. ATB Capital set a C$26.00 target price on shares of North American Construction Group and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. BMO Capital Markets reduced their price target on shares of North American Construction Group from C$27.00 to C$25.00 in a research report on Friday, October 10th. Atb Cap Markets lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Cibc World Mkts downgraded North American Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th.

North American Construction Group Stock Down 1.8%

Shares of North American Construction Group stock opened at C$19.34 on Tuesday. The business has a fifty day simple moving average of C$19.82 and a 200 day simple moving average of C$21.20. The stock has a market cap of C$564.09 million, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.50. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. North American Construction Group has a 12 month low of C$16.78 and a 12 month high of C$31.67.

North American Construction Group Company Profile

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.