Snc-Lavalin Group (SNC) Reaches New 52-Week Low at $26.02

Shares of Snc-Lavalin Group Inc (TSE:SNC) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$26.02 and last traded at C$26.17, with a volume of 470318 shares traded. The stock had previously closed at C$26.71.

A number of analysts have issued reports on SNC shares. CIBC boosted their price target on shares of Snc-Lavalin Group from C$52.00 to C$56.00 in a research note on Tuesday, January 15th. Canaccord Genuity cut their target price on shares of Snc-Lavalin Group from C$61.00 to C$58.00 in a research note on Wednesday, January 23rd. National Bank Financial cut their target price on shares of Snc-Lavalin Group from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 29th. TD Securities cut their target price on shares of Snc-Lavalin Group from C$59.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, January 29th. Finally, Raymond James lowered shares of Snc-Lavalin Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$58.00 to C$45.00 in a research note on Tuesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$41.13.

The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 134.91. The firm has a market cap of $4.74 billion and a PE ratio of -3.24.

Snc-Lavalin Group (TSE:SNC) last announced its quarterly earnings results on Friday, February 22nd. The company reported C($1.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($1.52) by C$0.21. The business had revenue of C$2.56 billion during the quarter, compared to analyst estimates of C$2.79 billion. As a group, research analysts predict that Snc-Lavalin Group Inc will post 2.57999980712067 EPS for the current fiscal year.

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Snc-Lavalin Group Company Profile (TSE:SNC)

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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