Snc-Lavalin Group (TSE:SNC) Given New C$36.00 Price Target at National Bank Financial

Snc-Lavalin Group (TSE:SNC) had its price objective trimmed by National Bank Financial from C$38.00 to C$36.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on SNC. BMO Capital Markets dropped their price target on shares of Snc-Lavalin Group from C$33.00 to C$28.00 in a research note on Tuesday, July 23rd. Raymond James set a C$32.00 price target on shares of Snc-Lavalin Group and gave the stock a market perform rating in a research note on Tuesday, July 23rd. Royal Bank of Canada dropped their price target 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. Finally, TD Securities dropped their price target on shares of Snc-Lavalin Group from C$33.00 to C$32.00 and set a hold rating on the stock in a research note on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Snc-Lavalin Group has a consensus rating of Hold and an average target price of C$32.63.

Shares of Snc-Lavalin Group stock traded down C$1.11 on Friday, reaching C$17.81. 2,369,600 shares of the stock were exchanged, compared to its average volume of 864,037. Snc-Lavalin Group has a 1-year low of C$17.46 and a 1-year high of C$57.41. The company has a debt-to-equity ratio of 134.91, a current ratio of 0.82 and a quick ratio of 0.72. The stock’s fifty day simple moving average is C$24.75. The firm has a market capitalization of $3.13 billion and a price-to-earnings ratio of -2.21.

Snc-Lavalin Group (TSE:SNC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.38). The firm had revenue of C$2.36 billion for the quarter, compared to analyst estimates of C$2.22 billion. On average, sell-side analysts anticipate that Snc-Lavalin Group will post 2.2899997 earnings per share for the current fiscal 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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