Snc-Lavalin Group (TSE:SNC) had its price target cut by Royal Bank of Canada from C$34.00 to C$32.00 in a research note released on Friday morning, BayStreet.CA reports.
A number of other analysts have also issued reports on the stock. TD Securities cut their price target on shares of Snc-Lavalin Group from C$32.00 to C$25.00 and set a hold rating on the stock in a research note on Friday. National Bank Financial cut their price target on shares of Snc-Lavalin Group from C$38.00 to C$36.00 and set an outperform rating on the stock in a research note on Friday. 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. Finally, BMO Capital Markets cut 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Snc-Lavalin Group presently has a consensus rating of Hold and a consensus price target of C$32.63.
Shares of TSE:SNC opened at C$17.81 on Friday. 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 has a market capitalization of $3.13 billion and a price-to-earnings ratio of -2.21. The stock’s 50-day simple moving average is C$24.29. Snc-Lavalin Group has a 1 year low of C$17.46 and a 1 year high of C$57.41.
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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