BMO Capital Markets Lowers Snc-Lavalin Group (TSE:SNC) Price Target to C$33.00

Snc-Lavalin Group (TSE:SNC) had its price objective lowered by BMO Capital Markets from C$35.00 to C$33.00 in a report issued on Monday morning, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. TD Securities lowered their target price on TRANSAT AT from C$15.00 to C$11.00 and set a hold rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada set a $60.00 target price on Masonite International and gave the company a buy rating in a research report on Friday, May 3rd. Raymond James restated a hold rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. Finally, National Bank Financial set a C$1.90 target price on Troilus Gold and gave the company an outperform rating in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of C$40.50.

Shares of Snc-Lavalin Group stock opened at C$25.03 on Monday. The company has a debt-to-equity ratio of 134.91, a current ratio of 0.82 and a quick ratio of 0.72. The business’s 50 day moving average is C$25.49. The firm has a market cap of $4.35 billion and a PE ratio of -3.11. Snc-Lavalin Group has a twelve month low of C$23.44 and a twelve month high of C$58.20.

Snc-Lavalin Group (TSE:SNC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.38). The firm had revenue of C$2.36 billion during the quarter, compared to analyst estimates of C$2.22 billion. As a group, research analysts forecast that Snc-Lavalin Group will post 2.62 EPS for the current year.

Snc-Lavalin Group Company Profile

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.

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

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