TD Securities Lowers Snc-Lavalin Group (SNC) Price Target to C$45.00

Snc-Lavalin Group (TSE:SNC) had its price target dropped by TD Securities from C$47.00 to C$45.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 32.28% from the stock’s previous close.

SNC has been the topic of several other reports. Royal Bank of Canada cut their price target on shares of Snc-Lavalin Group from C$58.00 to C$48.00 and set an “outperform” rating on the stock in a report on Tuesday, January 29th. National Bank Financial cut their price target on shares of Snc-Lavalin Group from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a report on Tuesday, January 29th. Raymond James set a C$45.00 price target on shares of Snc-Lavalin Group and gave the company a “market perform” rating in a report on Tuesday. Desjardins downgraded shares of Snc-Lavalin Group from a “buy” rating to a “hold” rating and cut their price target for the company from C$72.00 to C$47.00 in a report on Tuesday, January 29th. Finally, CIBC upgraded shares of Snc-Lavalin Group from a “neutral” rating to an “outperform” rating and cut their price target for the company from C$56.00 to C$49.00 in a report on Tuesday, January 29th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$49.22.

Shares of TSE:SNC opened at C$34.02 on Tuesday. The stock has a market cap of $5.97 billion and a P/E ratio of 17.99. Snc-Lavalin Group has a 12 month low of C$33.51 and a 12 month high of C$61.54. The company has a debt-to-equity ratio of 72.88, a quick ratio of 0.77 and a current ratio of 0.89.

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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Analyst Recommendations for Snc-Lavalin Group (TSE:SNC)

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