Snc-Lavalin Group (TSE:SNC) Price Target Cut to C$32.00

Snc-Lavalin Group (TSE:SNC) had its target price lowered by equities research analysts at Royal Bank of Canada from C$34.00 to C$32.00 in a note issued to investors on Friday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 80.28% from the company’s current price.

Several other equities research analysts have also recently weighed in on SNC. Raymond James set a C$32.00 price target on shares of Snc-Lavalin Group and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. TD Securities reduced their target price on shares of Snc-Lavalin Group from C$32.00 to C$25.00 and set a “hold” rating on the stock in a report on Friday. BMO Capital Markets reduced their target price on shares of Snc-Lavalin Group from C$33.00 to C$28.00 in a report on Tuesday, July 23rd. Finally, National Bank Financial reduced their target price on shares of Snc-Lavalin Group from C$38.00 to C$36.00 and set an “outperform” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$32.63.

TSE:SNC traded down C$1.17 during trading hours on Friday, reaching C$17.75. The stock had a trading volume of 1,806,108 shares, compared to its average volume of 859,848. The company’s 50 day moving average price is C$24.92. Snc-Lavalin Group has a 52 week low of C$17.46 and a 52 week high of C$57.41. The company has a market capitalization of $3.32 billion and a PE ratio of -2.21. The company has a debt-to-equity ratio of 134.91, a current ratio of 0.82 and a quick ratio of 0.72.

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 the consensus estimate of C$0.30 by C($0.38). The company had revenue of C$2.36 billion for the quarter, compared to the consensus estimate of C$2.22 billion. Sell-side analysts anticipate that Snc-Lavalin Group will post 2.2899997 EPS 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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