Raymond James Increases North American Construction Group (TSE:NOA) Price Target to C$40.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target raised by Raymond James from C$35.00 to C$40.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 34.91% from the stock’s current price.

NOA has been the subject of a number of other reports. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. National Bankshares boosted 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 research report on Friday, November 1st. ATB Capital cut their price objective on shares of North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$30.00 to C$38.00 in a report on Thursday. Finally, Canaccord Genuity Group boosted their price target on shares of North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, North American Construction Group has an average rating of “Buy” and a consensus target price of C$37.63.

North American Construction Group Stock Up 0.3 %

NOA traded up C$0.10 during trading on Friday, reaching C$29.65. 69,024 shares of the stock traded hands, compared to its average volume of 67,240. The stock has a market cap of C$792.54 million, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The stock’s 50-day simple moving average is C$26.48 and its two-hundred day simple moving average is C$26.49. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87.

Insider Activity

In other North American Construction Group news, Director Martin Robert Ferron purchased 6,000 shares of North American Construction Group stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. Insiders have purchased a total of 11,900 shares of company stock valued at $320,617 in the last 90 days. 8.93% of the stock is currently owned by insiders.

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.