A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Chris Murray from AltaCorp Captial reiterated a Buy rating on SNC – Lavalin (SNC), with a C$48 price target.
According to TipRanks.com, Murray is ranked #884 out of 5146 analysts.
Currently, the analyst consensus on SNC – Lavalin is a Moderate Buy with an average price target of C$47.33, representing a 39.2% upside. In a report issued on January 29, CIBC also upgraded the stock to Buy with a C$49 price target.
.
Based on SNC – Lavalin’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$121 million. In comparison, last year the company had a net profit of C$52.36 million.
SNC-Lavalin Group, Inc. engages in the provision of engineering and construction services. It offers engineering, procurement, construction, project management, project financing services to industry sectors. The company operates through the following segments: Mining and Metallurgy, Oil and Gas, Power, Infrastructure, Atkins, and Capital.
The company’s shares closed on Monday at C$34, close to its 52-week low of C$33.51.
