SNC-Lavalin Group’s (SNC) “Outperform” Rating Reiterated at Scotiabank
SNC-Lavalin Group Inc (TSE:SNC)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research note issued on Friday, StockTargetPrices.com reports. They currently have a C$63.00 price target on the stock. Scotiabank’s price objective suggests a potential upside of 21.62% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. National Bank Financial lifted their price objective on SNC-Lavalin Group from C$58.50 to C$63.50 in a research note on Tuesday, July 19th. TD Securities lifted their price objective on SNC-Lavalin Group from C$63.00 to C$70.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Royal Bank Of Canada lowered their price objective on SNC-Lavalin Group from C$63.00 to C$62.00 and set an “outperform” rating for the company in a research note on Friday, September 30th. CIBC upgraded SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$55.00 to C$63.00 in a research note on Thursday, September 15th. Finally, AltaCorp Capital cut SNC-Lavalin Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$61.20.
Shares of SNC-Lavalin Group (TSE:SNC) traded down 0.31% on Friday, hitting $51.64. The stock had a trading volume of 193,133 shares. The stock has a 50 day moving average of $54.49 and a 200-day moving average of $52.30. SNC-Lavalin Group has a 12 month low of $36.47 and a 12 month high of $58.46. The stock has a market cap of $7.76 billion and a PE ratio of 16.00.
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SNC-Lavalin Group Company Profile
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