Yesterday, an analyst has provided a rating update for the Materials sector company, SNC – Lavalin (TSX: SNC). The company received a Buy rating from CIBC’s analyst Jacob Bout, with a C$68 price target.
Bout has an average return of 4.8% when recommending SNC – Lavalin.
According to TipRanks.com, Bout is ranked #1594 out of 4848 analysts.
Read also: Crude Oil: Sell Now, Buy Later
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SNC – Lavalin with a C$71.67 average price target, a 26.8% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$73 price target.
.
Based on SNC – Lavalin’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$78.07 million. In comparison, last year the company had a net profit of C$136 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 Friday at C$56.53.
