Analysts Set Snc-Lavalin Group Inc (TSE:SNC) Target Price at C$29.00

Snc-Lavalin Group Inc (TSE:SNC) has been given an average rating of “Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$29.00.

SNC has been the topic of several recent research reports. Desjardins raised Snc-Lavalin Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. CIBC dropped their price target on Snc-Lavalin Group from C$49.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Royal Bank of Canada dropped their price target on Snc-Lavalin Group from C$34.00 to C$32.00 in a research note on Friday, August 2nd. BMO Capital Markets dropped their price target on Snc-Lavalin Group from C$28.00 to C$26.00 in a research note on Friday, August 2nd. Finally, TD Securities dropped their price target on Snc-Lavalin Group from C$32.00 to C$25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd.

SNC opened at C$17.52 on Friday. The business’s 50-day moving average price is C$17.78 and its two-hundred day moving average price is C$24.44. Snc-Lavalin Group has a 1 year low of C$15.47 and a 1 year high of C$50.50. The company has a market capitalization of $3.00 billion and a price-to-earnings ratio of -0.85. The company has a debt-to-equity ratio of 455.13, a current ratio of 0.79 and a quick ratio of 0.69.

Snc-Lavalin Group (TSE:SNC) last released its quarterly earnings results on Thursday, August 1st. The company reported C($1.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($1.33) by C($0.01). The business had revenue of C$2.28 billion during the quarter, compared to analysts’ expectations of C$2.65 billion. Sell-side analysts anticipate that Snc-Lavalin Group will post 1.7700001 earnings per share for the current fiscal 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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