Snc-Lavalin Group (SNC) Price Target Lowered to C$44.00 at Royal Bank of Canada

Snc-Lavalin Group (TSE:SNC) had its price objective reduced by investment analysts at Royal Bank of Canada from C$48.00 to C$44.00 in a research note issued on Friday. Royal Bank of Canada’s target price would indicate a potential upside of 29.72% from the stock’s previous close.

Several other research firms have also recently commented on SNC. Canaccord Genuity reduced their target price on Snc-Lavalin Group from C$61.00 to C$58.00 in a research report on Wednesday, January 23rd. CIBC boosted their target price on Snc-Lavalin Group from C$52.00 to C$56.00 in a research report on Tuesday, January 15th. National Bank Financial reduced their target price on Snc-Lavalin Group from C$69.00 to C$66.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. BMO Capital Markets cut Snc-Lavalin Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$60.00 to C$42.00 in a research report on Tuesday, January 29th. Finally, Raymond James cut Snc-Lavalin Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$58.00 to C$45.00 in a research report on Tuesday, January 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$48.78.

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Snc-Lavalin Group stock traded up C$0.33 during midday trading on Friday, hitting C$33.92. 543,275 shares of the company’s stock were exchanged, compared to its average volume of 713,299. Snc-Lavalin Group has a 52-week low of C$33.30 and a 52-week high of C$61.54. The company has a quick ratio of 0.77, a current ratio of 0.89 and a debt-to-equity ratio of 72.88. The stock has a market cap of $5.97 billion and a price-to-earnings ratio of 17.94.

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, Power, Infrastructure, Atkins, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

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