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Canaccord Genuity Believes NA Construction Group Ltd (NOA) Won’t Stop Here


NA Construction Group Ltd (TSX: NOA), the NA sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Canaccord Genuity’s analyst Yuri Lynk, with a C$22 price target.

Lynk has an average return of 62.8% when recommending NA Construction Group Ltd.

According to TipRanks.com, Lynk is ranked #609 out of 4884 analysts.

Currently, the analyst consensus on NA Construction Group Ltd is a Strong Buy with an average price target of C$15.33, which is an 8.3% upside from current levels. In a report issued on September 21, National Bank also maintained a Buy rating on the stock with a C$12.50 price target.

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The company has a one-year high of C$14.28 and a one-year low of C$4.92. Currently, NA Construction Group Ltd has an average volume of 54.35K.

North American Construction Group Ltd. provides 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’s shares closed on Thursday at C$14.15, close to its 52-week high of C$14.28.