North American Construction Group Ltd. (TSE:NOA) receives an average rating of “Buy” from brokers.

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The shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been given a consensus buy rating by the nine rating agencies that currently cover the company, reports MarketBeat Ratings. One analyst has rated the stock with a hold recommendation and seven have given the company a buy recommendation. The average 12-month target price from analysts covering the stock over the past year is $25.31.

Several research companies have recently commented on NOA. TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and raised its price target on the company to $25.00 from $23.00 in a research report on Thursday, December 9th. raised its price target for North American Construction Group shares to CAD28.00 from CAD25.00 in a research report on Thursday, October 21. Raymond James raised his target price on North American Construction Group shares to CAD26.50 from CAD24.00 and gave the company a “Outperform” rating in a research report on Thursday, October 28. CIBC began reporting on shares of North American Construction Group in a research note on Tuesday, January 25. They assigned a “hold” rating and a price target of CAD$22.00 for the company. Finally, National Bankshares raised its target price on shares of North American Construction Group to $27.00 from $25.00 and gave the company a Outperform rating in a research note on Friday, October 29th.

shares of NOA opened Tuesday at 19.10 CAD. The company has a 50-day moving average price of $18.60 and a 200-day moving average price of $18.68. The company has a market capitalization of CA$543.20 million and a PE ratio of 12.85. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt to equity ratio of 165.37. The North American Construction Group has a 52-week low of $12.75 and a 52-week high of $22.00.

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In related news, Director Martin Robert Ferron acquired 10,000 shares of the company’s shares in a transaction on Friday, November 19. The shares were purchased at an average price of $18.85 per share for a total value of $188,500.00. Upon completion of the transaction, the Director now owns 2,106,857 shares of the Company, valued at $39,714,254.45.

North American Construction Group Company Profile

The North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States. The Company’s Heavy Works and Mining Division provides feasibility studies, budget cost estimates, design-build construction, project management and contracts to mines, pre-stripping/shaft sinking, tailings removal and stockpile, musk cone removal and stockpile, site preparation, runway construction, site drainage/perimeter ditching, tailings and processing lines, transportation and access road construction, tailings dam construction and compaction, mechanically stabilized earthworks, levee construction and reclamation services.

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Analyst Recommendations for North American Construction Group (TSE:NOA)

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