Snc-Lavalin Group (SNC) Price Target Lowered to C$43.00 at Canaccord Genuity

Posted by Shane Hupp on Feb 11th, 2019 // No Comments

Snc-Lavalin Group (TSE:SNC) had its price target cut by equities researchers at Canaccord Genuity from C$44.00 to C$43.00 in a research note issued on Monday. Canaccord Genuity’s target price would suggest a potential upside of 26.51% from the company’s previous close.

SNC has been the subject of several other research reports. Royal Bank of Canada cut their target price on shares of Snc-Lavalin Group from C$58.00 to C$48.00 and set an “outperform” rating for the company in a research note on Tuesday, January 29th. National Bank Financial dropped their price objective on shares of Snc-Lavalin Group from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Tuesday, January 29th. Desjardins downgraded shares of Snc-Lavalin Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$72.00 to C$47.00 in a research note on Tuesday, January 29th. TD Securities dropped their price objective on shares of Snc-Lavalin Group from C$59.00 to C$47.00 and set a “buy” rating for the company in a research note on Tuesday, January 29th. Finally, CIBC raised shares of Snc-Lavalin Group from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from C$56.00 to C$49.00 in a research note on Tuesday, January 29th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$49.67.

SNC stock traded down C$2.72 during trading on Monday, hitting C$33.99. The stock had a trading volume of 1,414,857 shares, compared to its average volume of 648,344. Snc-Lavalin Group has a 1-year low of C$33.51 and a 1-year high of C$61.54. The company has a market capitalization of $6.44 billion and a price-to-earnings ratio of 17.97. The company has a current ratio of 0.89, a quick ratio of 0.77 and a debt-to-equity ratio of 72.88.

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, Power, Infrastructure, Atkins, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.