Snc-Lavalin Group Inc (TSE:SNC) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$32.63.
SNC has been the topic of a number of analyst reports. TD Securities dropped their target price on Snc-Lavalin Group from C$32.00 to C$25.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets dropped their target price on Snc-Lavalin Group from C$28.00 to C$26.00 in a research report on Friday, August 2nd. Raymond James dropped their target price on Snc-Lavalin Group from C$32.00 to C$25.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. National Bank Financial decreased their price target on Snc-Lavalin Group from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Desjardins decreased their price target on Snc-Lavalin Group from C$37.00 to C$34.00 in a research note on Friday, August 2nd.
Shares of TSE SNC traded down C$0.39 during midday trading on Friday, reaching C$16.98. 284,409 shares of the company’s stock were exchanged, compared to its average volume of 899,337. Snc-Lavalin Group has a 52-week low of C$16.10 and a 52-week high of C$54.14. The stock has a market capitalization of $3.05 billion and a PE ratio of -0.83. The company has a debt-to-equity ratio of 455.13, a quick ratio of 0.69 and a current ratio of 0.79. The business’s fifty day moving average price is C$21.29 and its two-hundred day moving average price is C$28.79.
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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