Desjardins Analysts Cut Earnings Estimates for SNC-Lavalin Group Inc (SNC)
SNC-Lavalin Group Inc (TSE:SNC) – Stock analysts at Desjardins reduced their Q4 2016 earnings estimates for SNC-Lavalin Group in a research note issued on Thursday. Desjardins analyst B. Poirier now forecasts that the brokerage will earn $0.46 per share for the quarter, down from their previous estimate of $0.47. Desjardins currently has a “Buy” rating and a $64.00 price target on the stock.
A number of other research analysts have also issued reports on the stock. TD Securities lowered their target price on shares of SNC-Lavalin Group from C$70.00 to C$66.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank reiterated an “outperform” rating and issued a C$63.00 target price on shares of SNC-Lavalin Group in a research note on Friday. Raymond James Financial Inc. lowered their target price on shares of SNC-Lavalin Group from C$65.00 to C$63.00 in a research note on Friday. Royal Bank Of Canada lowered their target price on shares of SNC-Lavalin Group from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, CIBC upgraded shares of SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$55.00 to C$63.00 in a research note on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$61.20.
SNC-Lavalin Group (TSE:SNC) opened at 51.05 on Monday. SNC-Lavalin Group has a 52-week low of $36.47 and a 52-week high of $58.46. The company has a market cap of $7.67 billion and a PE ratio of 15.82. The firm has a 50-day moving average of $54.90 and a 200 day moving average of $52.27.
SNC-Lavalin Group Company Profile
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