Desjardins Thinks SNC – Lavalin’s Stock is Going to Recover
SNC – Lavalin (TSX: SNC), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Benoit Poirier from Desjardins remains bullish on the stock and has a C$72 price target.
Poirier has an average return of 6.6% when recommending SNC – Lavalin.
According to TipRanks.com, Poirier is ranked #154 out of 4897 analysts.
Currently, the analyst consensus on SNC – Lavalin is a Strong Buy with an average price target of C$69.20, a 56.0% upside from current levels. In a report issued on October 1, National Bank also maintained a Buy rating on the stock with a C$69 price target.
SNC – Lavalin’s market cap is currently C$7.88B and has a P/E ratio of 25.3. The company has a Price to Book ratio of 1.57.
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 Thursday at C$44.36, close to its 52-week low of C$43.82.