RBC Capital Reiterates “Sector Perform” Rating for Snc Lavalin (SNC)
Snc Lavalin (TSE:SNC)‘s stock had its “sector perform” rating reaffirmed by research analysts at RBC Capital in a report released on Wednesday, Analyst Ratings Network.com reports. They currently have a C$46.00 price objective on the stock. RBC Capital’s price target suggests a potential upside of 9.19% from the stock’s previous close.
Snc Lavalin (TSE:SNC) traded down 4.53% on Wednesday, hitting $42.13. 896,816 shares of the company’s stock traded hands. Snc Lavalin has a 1-year low of $36.79 and a 1-year high of $49.85. The stock has a 50-day moving average of $40.97 and a 200-day moving average of $42.66. The company has a market cap of $6.386 billion and a P/E ratio of 29.23.
A number of other firms have also recently commented on SNC. Analysts at TD Securities cut their price target on shares of Snc Lavalin from C$46.00 to C$43.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Snc Lavalin from C$47.00 to C$43.50 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Snc Lavalin from C$46.00 to C$47.00 in a research note to investors on Monday, October 7th. They now have a “sector perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$47.38.
SNC-Lavalin Group Inc (TSE:SNC) is an international engineering and construction company.
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