Snc-Lavalin Group Inc (TSE:SNC) Receives C$29.00 Consensus Price Target from Analysts

Snc-Lavalin Group Inc (TSE:SNC) has been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$29.00.

Several equities analysts recently weighed in on SNC shares. BMO Capital Markets cut their price objective on Snc-Lavalin Group from C$28.00 to C$26.00 in a research report on Friday, August 2nd. Royal Bank of Canada cut their price objective on Snc-Lavalin Group from C$34.00 to C$32.00 in a research report on Friday, August 2nd. Desjardins raised Snc-Lavalin Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Raymond James cut their price objective on Snc-Lavalin Group from C$32.00 to C$25.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Finally, National Bank Financial cut their price objective on Snc-Lavalin Group from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

SNC opened at C$17.52 on Friday. The company has a market cap of $3.00 billion and a PE ratio of -0.85. The stock has a 50-day moving average of C$17.78 and a 200-day moving average of C$24.44. Snc-Lavalin Group has a 52-week low of C$15.47 and a 52-week high of C$50.50. The company has a debt-to-equity ratio of 455.13, a quick ratio of 0.69 and a current ratio of 0.79.

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 consensus estimate of C($1.33) by C($0.01). The firm had revenue of C$2.28 billion during the quarter, compared to the consensus estimate of C$2.65 billion. On average, research analysts predict that Snc-Lavalin Group will post 1.7700001 earnings per share 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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