Raymond James Trims Snc-Lavalin Group (TSE:SNC) Target Price to C$25.00

Snc-Lavalin Group (TSE:SNC) had its price objective trimmed by Raymond James from C$32.00 to C$25.00 in a research report released on Friday morning, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other equities analysts also recently issued reports on the stock. Canaccord Genuity reduced their price objective on shares of Snc-Lavalin Group from C$43.00 to C$34.00 in a research note on Friday. National Bank Financial reduced their price objective on shares of Snc-Lavalin Group from C$38.00 to C$36.00 and set an outperform rating on the stock in a research note on Friday. Desjardins reduced their price objective on shares of Snc-Lavalin Group from C$37.00 to C$34.00 in a research note on Friday. TD Securities reduced their price objective on shares of 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. Finally, Royal Bank of Canada reduced their price objective on shares of Snc-Lavalin Group from C$34.00 to C$32.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Snc-Lavalin Group currently has a consensus rating of Hold and an average price target of C$32.63.

Shares of SNC traded down C$1.11 on Friday, hitting C$17.81. 2,369,600 shares of the stock traded hands, compared to its average volume of 864,037. 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 stock has a market cap of $3.13 billion and a price-to-earnings ratio of -2.21. The firm has a 50 day moving average price of C$24.75. Snc-Lavalin Group has a 1 year low of C$17.46 and a 1 year high of C$57.41.

Snc-Lavalin Group (TSE:SNC) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C($0.08) earnings per share (EPS) 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 analyst estimates of C$2.22 billion. On average, sell-side analysts expect that Snc-Lavalin Group will post 2.2899997 earnings per share for the current fiscal year.

About Snc-Lavalin Group

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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