Scotiabank Reiterates Outperform Rating for SNC-Lavalin Group Inc (SNCAF)
SNC-Lavalin Group Inc (OTCMKTS:SNCAF)‘s stock had its “outperform” rating reissued by analysts at Scotiabank in a research note issued on Monday. They currently have a $63.00 target price on the stock. Scotiabank’s price objective suggests a potential upside of 60.90% from the company’s current price.
Several other research firms have also issued reports on SNCAF. TD Securities reissued a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of SNC-Lavalin Group in a research note on Wednesday, August 10th. RBC Capital Markets reissued an “outperform” rating and set a $62.00 price objective (down previously from $63.00) on shares of SNC-Lavalin Group in a research note on Sunday, October 2nd. Finally, CIBC raised SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $63.00 in a research note on Friday, September 16th. Ten investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $58.35.
Shares of SNC-Lavalin Group (OTCMKTS:SNCAF) opened at 39.154 on Monday. The company has a market cap of $5.88 billion and a price-to-earnings ratio of 15.955. SNC-Lavalin Group has a 52-week low of $26.98 and a 52-week high of $44.30. The firm has a 50 day moving average price of $42.08 and a 200-day moving average price of $40.02.
About SNC-Lavalin Group
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