National Bank Sticks to Its Buy Rating for North American Construction Group (NOA)

In a report released today, Maxim Sytchev from National Bank maintained a Buy rating on North American Construction Group (NOA – Research Report), with a price target of C$47.00. The company’s shares closed today at $20.49.

According to TipRanks, Sytchev is a 5-star analyst with an average return of 19.7% and a 64.58% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for North American Construction Group with a $28.55 average price target, which is a 39.37% upside from current levels. In a report released on May 1, BMO Capital also maintained a Buy rating on the stock with a C$37.00 price target.

The company has a one-year high of $26.04 and a one-year low of $17.84. Currently, North American Construction Group has an average volume of 68.68K.

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North American Construction Group (NOA) Company Description:

North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands. The company was founded in 1953 and is headquartered in Acheson, Canada.