SNC-Lavalin Group Inc (SNC) Price Target Cut to C$63.00
SNC-Lavalin Group Inc (TSE:SNC) had its price objective cut by equities researchers at Raymond James Financial Inc. from C$65.00 to C$63.00 in a note issued to investors on Friday. Raymond James Financial Inc.’s price target would indicate a potential upside of 23.41% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. National Bank Financial increased their price target on shares of SNC-Lavalin Group from C$58.50 to C$63.50 in a report on Tuesday, July 19th. Scotiabank reissued an “outperform” rating and issued a C$52.00 price target on shares of SNC-Lavalin Group in a report on Thursday, June 30th. TD Securities increased their price target on shares of SNC-Lavalin Group from C$63.00 to C$70.00 and gave the company a “buy” rating in a report on Friday, August 5th. Royal Bank Of Canada lowered their price target on shares of SNC-Lavalin Group from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a report on Friday. Finally, CIBC raised shares of SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$55.00 to C$63.00 in a report on Thursday, September 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. SNC-Lavalin Group presently has a consensus rating of “Buy” and a consensus target price of C$61.20.
Shares of SNC-Lavalin Group (TSE:SNC) opened at 51.05 on Friday. The company’s 50-day moving average price is $54.90 and its 200-day moving average price is $52.27. SNC-Lavalin Group has a 52-week low of $36.47 and a 52-week high of $58.46. The firm has a market cap of $7.67 billion and a PE ratio of 15.82.
About SNC-Lavalin Group
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