Scotiabank Increases Snc-Lavalin Group (SNC) Price Target to C$73.50
Snc-Lavalin Group (TSE:SNC) had its target price boosted by research analysts at Scotiabank from C$70.00 to C$73.50 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 29.54% from the company’s previous close.
Several other research firms have also issued reports on SNC. Royal Bank of Canada started coverage on shares of Snc-Lavalin Group in a research report on Monday, October 23rd. They issued an “outperform” rating and a C$67.00 price target for the company. BMO Capital Markets increased their price target on shares of Snc-Lavalin Group from C$67.00 to C$68.00 in a research report on Friday, November 3rd. Canaccord Genuity increased their price target on shares of Snc-Lavalin Group from C$76.00 to C$77.00 in a research report on Tuesday, October 31st. Finally, Desjardins increased their price target on shares of Snc-Lavalin Group from C$69.00 to C$72.00 in a research report on Friday, November 3rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Snc-Lavalin Group presently has an average rating of “Buy” and a consensus target price of C$70.72.
Shares of Snc-Lavalin Group (TSE:SNC) traded up C$0.34 on Wednesday, hitting C$56.74. 220,801 shares of the stock were exchanged, compared to its average volume of 357,826. Snc-Lavalin Group has a 1-year low of C$50.28 and a 1-year high of C$59.63.
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About Snc-Lavalin Group
SNC-Lavalin Group Inc provides engineering and construction, and operations and maintenance services worldwide. The company operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.
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