Snc-Lavalin Group Inc (SNC) Receives Average Recommendation of “Hold” from Analysts

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Snc-Lavalin Group Inc (TSE:SNC) has been given a consensus recommendation of “Buy” by the eight analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$41.13.

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity lowered their price objective on shares of Snc-Lavalin Group from C$61.00 to C$58.00 in a research note on Wednesday, January 23rd. CIBC raised their price objective on shares of Snc-Lavalin Group from C$52.00 to C$56.00 in a research note on Tuesday, January 15th. Raymond James lowered their price objective on shares of Snc-Lavalin Group from C$45.00 to C$43.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 26th. Royal Bank of Canada lowered their price objective on shares of Snc-Lavalin Group from C$58.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 29th. Finally, National Bank Financial reduced their target price on Snc-Lavalin Group from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research report on Tuesday, January 29th.

Shares of SNC stock opened at C$27.72 on Thursday. Snc-Lavalin Group has a 12 month low of C$26.31 and a 12 month high of C$61.54. The company has a debt-to-equity ratio of 134.91, a quick ratio of 0.72 and a current ratio of 0.82. The company has a market cap of $4.93 billion and a price-to-earnings ratio of -3.45.

Snc-Lavalin Group (TSE:SNC) last announced its quarterly earnings results on Friday, February 22nd. The company reported C($1.31) EPS for the quarter, beating the consensus estimate of C($1.52) by C$0.21. The company had revenue of C$2.56 billion for the quarter, compared to analyst estimates of C$2.79 billion. On average, sell-side analysts anticipate that Snc-Lavalin Group will post 2.68000007641548 earnings per share for the current fiscal year.

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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