Canaccord Genuity Thinks SNC – Lavalin’s Stock is Going to Recover


SNC – Lavalin (SNC), the Materials sector company was revisited on February 11, and remains undervalued for at least one analyst on the street. The company received a Buy on February 11 from Canaccord Genuity’s analyst Yuri Lynk, with a C$43 price target.

According to TipRanks.com, Lynk is ranked #683 out of 5152 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SNC – Lavalin with a C$47.22 average price target, a 38.8% upside from current levels. In a report issued on January 29, CIBC also upgraded the stock to Buy with a C$49 price target.

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The company has a one-year high of C$61.54 and a one-year low of C$33.51. Currently, SNC – Lavalin has an average volume of 600.6K.

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 Wednesday at C$34.01, close to its 52-week low of C$33.51.

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