Canaccord Genuity Reiterates Their Buy Rating on NA Construction Group Ltd (NOA)

By Carrie Williams

NA Construction Group Ltd (NOAResearch Report), the Utilities sector company was revisited on February 26, and remains undervalued for at least one analyst on the street. On February 26, analyst Yuri Lynk gave a Buy rating to NOA and set a C$23 price target.

Lynk has an average return of 66.4% when recommending NA Construction Group Ltd.

According to TipRanks.com, Lynk is ranked #587 out of 5215 analysts.

Currently, the analyst consensus on NA Construction Group Ltd is a Moderate Buy with an average price target of C$19.25.

Based on NA Construction Group Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$1.47 million. In comparison, last year the company had a net profit of C$2.45 million.

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 Wednesday at C$16.85, close to its 52-week high of C$17.06.