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SNC-Lavalin Group (TSE:SNC) had its price target hoisted by stock analysts at National Bank Financial to C$44.00 in a research report issued to clients and investors on Monday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 34.35% from the stock’s previous close. National Bank Financial also issued estimates for SNC-Lavalin Group’s FY2022 earnings at $1.75 EPS.
A number of other brokerages have also weighed in on SNC. Scotiabank upped their price target on shares of SNC-Lavalin Group from C$39.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday. CIBC upped their price target on shares of SNC-Lavalin Group from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Monday. Canaccord Genuity upped their price target on shares of SNC-Lavalin Group from C$40.00 to C$44.00 and gave the stock a “na” rating in a research note on Monday. BMO Capital Markets upped their price target on shares of SNC-Lavalin Group from C$28.00 to C$31.00 and gave the company a “na” rating in a research report on Monday. Finally, Royal Bank of Canada upped their price target on shares of SNC-Lavalin Group from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Monday. Ten analysts have rated the stock with a buy rating, SNC-Lavalin Group presently has an average rating of “Buy” and a consensus price target of C$39.00.
TSE SNC opened at C$32.75 on Monday. SNC-Lavalin Group has a 52 week low of C$17.50 and a 52 week high of C$33.40. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 86.40. The stock has a market cap of C$5.75 billion and a price-to-earnings ratio of -6.95. The company has a 50-day moving average price of C$27.86 and a two-hundred day moving average price of C$24.76.
SNC-Lavalin Group (TSE:SNC) last posted its earnings results on Tuesday, March 9th. The company reported C($1.48) EPS for the quarter, topping the consensus estimate of C($1.81) by C$0.33. The firm had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.76 billion. As a group, equities research analysts expect that SNC-Lavalin Group will post 2.1099999 earnings per share for the current fiscal year.
In related news, Senior Officer Alexander S. Taylor sold 1,713 shares of the company’s stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of C$29.25, for a total transaction of C$50,105.25. Following the completion of the sale, the insider now owns 1,499 shares of the company’s stock, valued at C$43,845.75.
About SNC-Lavalin Group
SNC-Lavalin Group Inc operates as an integrated professional services and project management company. It operates through six segments: Engineering, Design, and Project Management (EDPM); Nuclear; Infrastructure Services; Resources; Infrastructure EPC (Engineering, Procurement, and Construction) Projects; and Capital.
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