SNC-Lavalin Group Inc (SNCAF) Earns Outperform Rating from Scotiabank
SNC-Lavalin Group Inc (OTCMKTS:SNCAF)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a research note issued to investors on Sunday. They currently have a $63.00 price target on the stock. Scotiabank’s price objective would suggest a potential upside of 60.63% from the company’s previous close.
SNCAF has been the topic of several other reports. TD Securities restated a “buy” rating and set a $63.00 target price (up from $56.00) on shares of SNC-Lavalin Group in a report on Tuesday, June 7th. RBC Capital Markets restated an “outperform” rating and set a $62.00 target price (down from $63.00) on shares of SNC-Lavalin Group in a report on Sunday. Finally, CIBC upgraded shares of SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $55.00 to $63.00 in a report on Friday, September 16th. Eleven investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $57.77.
SNC-Lavalin Group (OTCMKTS:SNCAF) traded down 1.4818% on Friday, hitting $39.2201. 32,900 shares of the stock traded hands. SNC-Lavalin Group has a 12-month low of $26.98 and a 12-month high of $44.30. The firm has a market cap of $5.89 billion and a price-to-earnings ratio of 16.0475. The stock has a 50-day moving average of $42.67 and a 200-day moving average of $39.89.
About SNC-Lavalin Group
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