SNC-Lavalin Group (TSE:SNC) Given New C$44.00 Price Target at Laurentian Bank of Canada

SNC-Lavalin Group (TSE:SNC) had its price objective lifted by stock analysts at Laurentian Bank of Canada to C$44.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm currently has a “na” rating on the stock. Laurentian Bank of Canada’s price target suggests a potential upside of 19.70% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. TD Securities lifted their price objective on SNC-Lavalin Group from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Royal Bank of Canada lifted their price objective on SNC-Lavalin Group to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 3rd. Cfra lifted their price objective on SNC-Lavalin Group from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. CIBC reiterated an “outperform” rating and issued a C$40.00 price objective on shares of SNC-Lavalin Group in a research report on Tuesday, August 3rd. Finally, Raymond James reiterated an “outpeform” rating and issued a C$40.00 price objective on shares of SNC-Lavalin Group in a research report on Friday, August 20th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$41.77.

SNC opened at C$36.76 on Friday. The stock’s 50 day simple moving average is C$34.37 and its 200 day simple moving average is C$31.52. The company has a debt-to-equity ratio of 83.45, a current ratio of 0.95 and a quick ratio of 0.79. SNC-Lavalin Group has a 1 year low of C$17.50 and a 1 year high of C$38.25. The firm has a market cap of C$6.45 billion and a price-to-earnings ratio of -9.64.

SNC-Lavalin Group (TSE:SNC) last posted its quarterly earnings results on Friday, July 30th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.08). The company had revenue of C$1.80 billion during the quarter, compared to analyst estimates of C$1.82 billion. As a group, sell-side analysts anticipate that SNC-Lavalin Group will post 1.96 EPS for the current year.

About SNC-Lavalin Group

SNC-Lavalin Group Inc operates as an integrated professional services and project management company. It operates through six segments: Engineering, Design, and Project Management (EDPM); Nuclear; Infrastructure Services; Resources; Infrastructure EPC (Engineering, Procurement, and Construction) Projects; and Capital.

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