TD Securities Trims Snc-Lavalin Group (TSE:SNC) Target Price to C$32.00

Snc-Lavalin Group (TSE:SNC) had its price target reduced by TD Securities from C$33.00 to C$32.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other research analysts have also commented on SNC. BMO Capital Markets reiterated a hold rating on shares of Snc-Lavalin Group in a research report on Monday, July 8th. National Bank Financial set a C$1.90 price target on Troilus Gold and gave the stock an outperform rating in a research report on Friday, May 3rd. Royal Bank of Canada dropped their price target on Snc-Lavalin Group from C$40.00 to C$34.00 and set an outperform rating for the company in a research report on Tuesday. Finally, Raymond James restated a hold rating and set a $32.00 target price on shares of State National Companies in a research report on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Snc-Lavalin Group has an average rating of Hold and a consensus price target of C$37.88.

SNC opened at C$21.04 on Tuesday. The stock has a market capitalization of $4.48 billion and a price-to-earnings ratio of -2.62. Snc-Lavalin Group has a 12 month low of C$20.05 and a 12 month high of C$57.93. 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 stock has a 50-day moving average of C$25.38.

Snc-Lavalin Group (TSE:SNC) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.30 by C($0.38). The company had revenue of C$2.36 billion during the quarter, compared to the consensus estimate of C$2.22 billion. Analysts predict that Snc-Lavalin Group will post 2.6199998 earnings per share for the current 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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