Snc-Lavalin Group (TSE:SNC) Given New C$38.00 Price Target at CIBC

Snc-Lavalin Group (TSE:SNC) had its price target hoisted by CIBC from C$36.00 to C$38.00 in a research note published on Wednesday morning, BayStreet.CA reports.

Several other research firms also recently issued reports on SNC. Desjardins upgraded shares of Snc-Lavalin Group from a hold rating to a buy rating in a report on Tuesday, October 1st. TD Securities boosted their price objective on shares of Snc-Lavalin Group from C$31.00 to C$39.00 and gave the stock a buy rating in a report on Thursday, December 19th. Canaccord Genuity boosted their price objective on shares of Snc-Lavalin Group from C$42.00 to C$43.00 in a report on Monday. National Bank Financial boosted their price objective on shares of Snc-Lavalin Group from C$37.50 to C$42.00 and gave the stock an outperform rating in a report on Thursday, December 19th. Finally, Raymond James set a C$26.00 price objective on shares of Snc-Lavalin Group and gave the stock a market perform rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$35.00.

Shares of TSE:SNC traded up C$0.17 on Wednesday, hitting C$31.73. 419,553 shares of the company were exchanged, compared to its average volume of 601,021. The company’s 50 day moving average price is C$27.33 and its two-hundred day moving average price is C$22.38. Snc-Lavalin Group has a one year low of C$15.47 and a one year high of C$48.88. The company has a debt-to-equity ratio of 69.33, a quick ratio of 1.10 and a current ratio of 1.21. The firm has a market capitalization of $5.54 billion and a price-to-earnings ratio of -5.70.

Snc-Lavalin Group (TSE:SNC) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$1.04. The company had revenue of C$2.43 billion for the quarter, compared to the consensus estimate of C$2.31 billion. Research analysts predict that Snc-Lavalin Group will post 1.8670344 earnings per share for the current 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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