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

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

A number of other equities analysts also recently weighed in on SNC. National Bank Financial lowered 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 lowered 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. BMO Capital Markets lowered their price target on Snc-Lavalin Group from C$28.00 to C$26.00 in a research report on Friday. Royal Bank of Canada lowered their price target on Snc-Lavalin Group from C$34.00 to C$32.00 in a research report on Friday. Finally, Desjardins lowered their price target on Snc-Lavalin Group from C$37.00 to C$34.00 in a research report on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of C$32.63.

TSE:SNC opened at C$17.81 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 134.91. The firm has a 50-day moving average of C$24.29. The firm has a market capitalization of $3.13 billion and a P/E ratio of -2.21. Snc-Lavalin Group has a 52-week low of C$17.46 and a 52-week high of C$57.41.

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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