National Bank Financial Increases Snc-Lavalin Group (SNC) Price Target to C$73.50

Snc-Lavalin Group (TSE:SNC) had its price target upped by investment analysts at National Bank Financial from C$69.00 to C$73.50 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 29.74% from the stock’s previous close. National Bank Financial also issued estimates for Snc-Lavalin Group’s FY2019 earnings at $2.81 EPS.

Several other equities analysts have also commented on SNC. Desjardins increased their price target on shares of Snc-Lavalin Group from C$69.00 to C$72.00 in a research note on Friday, November 3rd. Royal Bank of Canada initiated coverage on shares of Snc-Lavalin Group in a research report on Monday, October 23rd. They set an “outperform” rating and a C$67.00 target price on the stock. Canaccord Genuity raised their target price on shares of Snc-Lavalin Group from C$76.00 to C$77.00 in a research report on Tuesday, October 31st. Scotiabank restated an “outperform” rating and set a C$70.00 target price on shares of Snc-Lavalin Group in a research report on Tuesday, October 31st. Finally, BMO Capital Markets raised their target price on shares of Snc-Lavalin Group from C$67.00 to C$68.00 in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Snc-Lavalin Group currently has a consensus rating of “Buy” and an average target price of C$71.22.

Snc-Lavalin Group (TSE:SNC) opened at C$56.65 on Wednesday. The company has a market cap of $9,940.00, a P/E ratio of 26.98 and a beta of 0.71. Snc-Lavalin Group has a one year low of C$50.28 and a one year high of C$59.38.

In other Snc-Lavalin Group news, Director Benita Marie Warmbold bought 3,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of C$56.79 per share, for a total transaction of C$170,370.00.

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About Snc-Lavalin Group

SNC-Lavalin Group Inc provides engineering and construction, and operations and maintenance services worldwide. The company operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

Analyst Recommendations for Snc-Lavalin Group (TSE:SNC)

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