NA Construction Group Ltd (NOA) Gets a Buy Rating from National Bank
NA Construction Group Ltd (TSX: NOA), the NA sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Maxim Sytchev from National Bank remains bullish on the stock and has a C$21 price target.
Sytchev has an average return of 22.4% when recommending NA Construction Group Ltd.
According to TipRanks.com, Sytchev is ranked #2541 out of 4886 analysts.
Currently, the analyst consensus on NA Construction Group Ltd is a Strong Buy with an average price target of C$18.17, a 20.6% upside from current levels. In a report issued on September 25, Canaccord Genuity also reiterated a Buy rating on the stock with a C$14 price target.
NA Construction Group Ltd’s market cap is currently C$354.8M and has a P/E ratio of 27.7. The company has a Price to Book ratio of 2.35.
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 Friday at C$15.06.