Raymond James Increases North American Construction Group (NOA) Price Target to C$15.50

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective hoisted by equities research analysts at Raymond James from C$11.50 to C$15.50 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 12.40% from the stock’s current price.

A number of other equities research analysts also recently weighed in on NOA. National Bank Financial raised their price target on shares of North American Construction Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Thursday, August 2nd. Canaccord Genuity raised their price target on shares of North American Construction Group from C$11.00 to C$14.00 in a research note on Tuesday, September 25th.

Shares of North American Construction Group stock opened at C$13.79 on Wednesday. North American Construction Group has a 12-month low of C$5.11 and a 12-month high of C$16.41.

About North American Construction Group

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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