SNC-Lavalin Group’s (SNC) “Outperform” Rating Reiterated at Scotiabank
SNC-Lavalin Group Inc (TSE:SNC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a report issued on Friday, StockTargetPrices.com reports. They currently have a C$63.00 price objective on the stock. Scotiabank’s price objective would suggest a potential upside of 21.62% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. CIBC upped their target price on SNC-Lavalin Group from C$48.00 to C$55.00 in a research note on Saturday, August 6th. National Bank Financial upped their target price on SNC-Lavalin Group from C$58.50 to C$63.50 in a research note on Tuesday, July 19th. Raymond James Financial Inc. cut their target price on SNC-Lavalin Group from C$65.00 to C$63.00 in a research note on Friday, September 30th. TD Securities cut their target price on SNC-Lavalin Group from C$70.00 to C$66.00 and set a “buy” rating on the stock in a research note on Friday, September 30th. Finally, Desjardins set a C$64.00 target price on SNC-Lavalin Group and gave the company a “buy” rating in a research note on Saturday, August 6th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$61.20.
Shares of SNC-Lavalin Group (TSE:SNC) traded down 0.41% on Friday, reaching $51.59. The company’s stock had a trading volume of 191,433 shares. SNC-Lavalin Group has a one year low of $36.47 and a one year high of $58.46. The firm has a 50-day moving average price of $54.49 and a 200 day moving average price of $52.30. The firm has a market capitalization of $7.75 billion and a PE ratio of 15.99.
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About SNC-Lavalin Group
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