Snc-Lavalin Group (TSE:SNC) Given New C$25.00 Price Target at TD Securities

Snc-Lavalin Group (TSE:SNC) had its target price cut by TD Securities from C$32.00 to C$25.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets reduced their target price on shares of Snc-Lavalin Group from C$33.00 to C$28.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada reduced their target price on shares of Snc-Lavalin Group from C$40.00 to C$34.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. 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 research note on Friday. Finally, Raymond James set a C$32.00 target price on shares of Snc-Lavalin Group and gave the company a market perform rating in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$32.63.

Snc-Lavalin Group stock traded down C$1.11 on Friday, hitting C$17.81. The company’s stock had a trading volume of 2,369,600 shares, compared to its average volume of 864,037. The stock has a market capitalization of $3.13 billion and a price-to-earnings ratio of -2.21. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 134.91. The firm has a fifty day simple moving average of C$24.75. Snc-Lavalin Group has a one year low of C$17.46 and a one year high of C$57.41.

Snc-Lavalin Group (TSE:SNC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.30 by C($0.38). The business had revenue of C$2.36 billion for the quarter, compared to analysts’ expectations of C$2.22 billion. On average, analysts predict 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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