SNC-Lavalin Group (TSE:SNC) had its price target hoisted by research analysts at ATB Capital from C$39.00 to C$42.00 in a report released on Monday, PriceTargets.com reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target suggests a potential upside of 28.24% from the company’s previous close.
A number of other equities analysts have also weighed in on SNC. Raymond James reissued a “market perform” rating and issued a C$25.00 price objective on shares of SNC-Lavalin Group in a research report on Thursday, March 11th. National Bank Financial lowered their target price on shares of SNC-Lavalin Group from C$34.50 to C$33.50 and set an “outperform” rating for the company in a report on Wednesday, March 10th. BMO Capital Markets boosted their price objective on shares of SNC-Lavalin Group from C$24.00 to C$28.00 in a research note on Monday, March 8th. Royal Bank of Canada boosted their price objective on shares of SNC-Lavalin Group from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 10th. Finally, Scotiabank dropped their target price on shares of SNC-Lavalin Group from C$42.00 to C$39.00 in a report on Wednesday, March 10th. Ten investment analysts have rated the stock with a buy rating, SNC-Lavalin Group presently has an average rating of “Buy” and an average price target of C$39.00.
Shares of TSE:SNC opened at C$32.75 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 86.40. SNC-Lavalin Group has a fifty-two week low of C$17.50 and a fifty-two week high of C$33.40. The firm’s 50-day simple moving average is C$27.86 and its 200-day simple moving average is C$24.76. The company has a market cap of C$5.75 billion and a price-to-earnings ratio of -6.95.
SNC-Lavalin Group (TSE:SNC) last announced its earnings results on Tuesday, March 9th. The company reported C($1.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($1.81) by C$0.33. The business had revenue of C$1.70 billion for the quarter, compared to analyst estimates of C$1.76 billion. On average, research analysts forecast that SNC-Lavalin Group will post 2.1099999 EPS for the current year.
In other SNC-Lavalin Group news, Senior Officer Alexander S. Taylor sold 1,713 shares of the stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of C$29.25, for a total transaction of C$50,105.25. Following the transaction, the insider now owns 1,499 shares in the company, valued at C$43,845.75.
SNC-Lavalin Group Company Profile
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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