Scotiabank Reiterates Outperform Rating for SNC-Lavalin Group Inc (SNC)
SNC-Lavalin Group Inc (TSE:SNC)‘s stock had its “outperform” rating restated by stock analysts at Scotiabank in a report released on Friday. They presently have a C$63.00 price target on the stock. Scotiabank’s target price suggests a potential upside of 23.41% from the company’s previous close.
Several other analysts also recently issued reports on the company. Raymond James Financial Inc. reduced their price objective on SNC-Lavalin Group from C$65.00 to C$63.00 in a research report on Friday. Royal Bank Of Canada dropped their target price on SNC-Lavalin Group from C$63.00 to C$62.00 and set an “outperform” rating for the company in a research note on Friday. CIBC upgraded SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$55.00 to C$63.00 in a research note on Thursday, September 15th. TD Securities reiterated a “buy” rating and issued a C$70.00 target price on shares of SNC-Lavalin Group in a research note on Thursday, August 11th. Finally, AltaCorp Capital lowered SNC-Lavalin Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$61.20.
Shares of SNC-Lavalin Group (TSE:SNC) opened at 51.05 on Friday. SNC-Lavalin Group has a 52 week low of $36.47 and a 52 week high of $58.46. The firm has a market capitalization of $7.67 billion and a P/E ratio of 15.82. The firm has a 50 day moving average price of $54.90 and a 200-day moving average price of $52.27.
SNC-Lavalin Group Company Profile
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