BMO Capital Markets Downgrades Snc Lavalin to Market Perform (SNC)
Snc Lavalin (TSE:SNC) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Friday, ARN reports.
Shares of Snc Lavalin (TSE:SNC) traded down 3.06% on Friday, hitting $48.22. 280,657 shares of the company’s stock traded hands. Snc Lavalin has a 52-week low of $39.47 and a 52-week high of $49.85. The stock’s 50-day moving average is $47.47 and its 200-day moving average is $44.27. The company has a market cap of $7.312 billion and a price-to-earnings ratio of 177.64.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dundee Securities raised their price target on shares of Snc Lavalin from C$52.00 to C$59.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Snc Lavalin from C$54.00 to C$59.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Snc Lavalin from C$47.00 to C$50.00 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$49.50.
SNC-Lavalin Group Inc (TSE:SNC) is an international engineering and construction company.
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