North American Construction Group (TSE:NOA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$20.05 and traded as high as C$22.84. North American Construction Group shares last traded at C$22.84, with a volume of 40,414 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. TD Securities decreased their price target on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce cut their price objective on shares of North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. Finally, National Bank Financial set a C$28.00 price objective on shares of North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.06.

North American Construction Group Stock Performance

The stock has a market capitalization of C$664.07 million, a P/E ratio of 17.98, a P/E/G ratio of 0.79 and a beta of 0.35. The stock has a 50 day simple moving average of C$21.06 and a two-hundred day simple moving average of C$20.05. 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 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.