BMO Capital Markets Trims Snc-Lavalin Group (TSE:SNC) Target Price to C$33.00
Snc-Lavalin Group (TSE:SNC) had its price target decreased by BMO Capital Markets from C$35.00 to C$33.00 in a research note released on Monday, BayStreet.CA reports.
SNC has been the topic of several other reports. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the company a buy rating in a report on Friday, May 3rd. Raymond James reaffirmed a hold rating on shares of Snc-Lavalin Group in a report on Wednesday, July 3rd. TD Securities decreased their price objective on shares of TRANSAT AT from C$15.00 to C$11.00 and set a hold rating on the stock in a report on Friday, May 3rd. Finally, National Bank Financial set a C$1.90 price objective on shares of Troilus Gold and gave the company an outperform rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of C$40.50.
SNC traded up C$0.28 during midday trading on Monday, hitting C$25.06. 429,304 shares of the company traded hands, compared to its average volume of 804,459. The company has a debt-to-equity ratio of 134.91, a current ratio of 0.82 and a quick ratio of 0.72. The stock has a market cap of $4.35 billion and a P/E ratio of -3.07. Snc-Lavalin Group has a 52-week low of C$23.44 and a 52-week high of C$58.20. The stock’s 50 day moving average price is C$25.53.
About Snc-Lavalin Group
SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.
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