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

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Snc-Lavalin Group (TSE:SNC) had its target price cut by Desjardins from C$37.00 to C$34.00 in a report issued on Friday, BayStreet.CA reports.

SNC has been the topic of several other reports. 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. BMO Capital Markets reduced their price target on Snc-Lavalin Group from C$33.00 to C$28.00 in a research report on Tuesday, July 23rd. 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. Royal Bank of Canada reduced their price target on Snc-Lavalin Group from C$34.00 to C$32.00 in a research report on Friday. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of C$32.63.

Snc-Lavalin Group stock opened at C$17.81 on Friday. The business’s 50 day moving average is C$24.29. The firm has a market cap of $3.13 billion and a price-to-earnings ratio of -2.21. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 134.91. Snc-Lavalin Group has a one year low of C$17.46 and a one year high of C$57.41.

Snc-Lavalin Group Company Profile

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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