Canaccord Genuity Lowers Snc-Lavalin Group (TSE:SNC) Price Target to C$34.00

Snc-Lavalin Group (TSE:SNC) had its price objective decreased by Canaccord Genuity from C$43.00 to C$34.00 in a report issued on Friday, BayStreet.CA reports.

Several other research analysts have also issued reports on SNC. BMO Capital Markets reduced their price target on Snc-Lavalin Group from C$28.00 to C$26.00 in a research report on Friday. Raymond James set a C$32.00 price target on Snc-Lavalin Group and gave the stock a market perform rating in a research report on Tuesday, July 23rd. National Bank Financial reduced their price target on Snc-Lavalin Group from C$38.00 to C$36.00 and set an outperform rating on the stock in a research report on Friday. TD Securities reduced their price target on Snc-Lavalin Group from C$32.00 to C$25.00 and set a hold rating on the stock in a research report on Friday. Finally, Royal Bank of Canada reduced their target price on Snc-Lavalin Group from C$34.00 to C$32.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$32.63.

TSE:SNC opened at C$17.81 on Friday. Snc-Lavalin Group has a 12-month low of C$17.46 and a 12-month 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 company has a market cap of $3.13 billion and a price-to-earnings ratio of -2.21. The business has a fifty day moving average of C$24.29.

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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