SNC-Lavalin Group (TSE:SNC) Price Target Cut to C$36.00

SNC-Lavalin Group (TSE:SNCGet Rating) had its target price reduced by equities research analysts at ATB Capital from C$37.00 to C$36.00 in a note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 53.39% from the company’s current price.

Several other analysts have also issued reports on the company. TD Securities cut their price objective on SNC-Lavalin Group from C$37.00 to C$35.00 and set a “buy” rating for the company in a report on Friday, August 5th. CIBC lowered their price target on SNC-Lavalin Group from C$36.00 to C$30.00 in a research report on Wednesday, July 13th. Scotiabank decreased their target price on SNC-Lavalin Group from C$45.00 to C$43.00 in a research report on Friday, August 5th. Royal Bank of Canada decreased their target price on SNC-Lavalin Group from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Finally, Desjardins reissued a “buy” rating on shares of SNC-Lavalin Group in a research report on Wednesday, August 10th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$36.60.

SNC-Lavalin Group Price Performance

Shares of TSE:SNC opened at C$23.47 on Monday. The stock has a fifty day moving average of C$23.92 and a 200-day moving average of C$24.40. The company has a market capitalization of C$4.12 billion and a PE ratio of 138.06. SNC-Lavalin Group has a one year low of C$21.27 and a one year high of C$35.82. The company has a debt-to-equity ratio of 82.73, a quick ratio of 0.72 and a current ratio of 0.83.

Insiders Place Their Bets

In other SNC-Lavalin Group news, Director William Young bought 22,800 shares of the stock in a transaction on Monday, August 15th. The stock was purchased at an average price of C$27.48 per share, with a total value of C$626,475.60. Following the acquisition, the director now owns 35,800 shares of the company’s stock, valued at C$983,676.60.

About SNC-Lavalin Group

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

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