Today, an analyst has provided a rating update for the Materials sector company, SNC – Lavalin (TSX: SNC). The company received a Buy rating from National Bank’s analyst Maxim Sytchev, with a C$69 price target.
According to TipRanks.com, Sytchev is ranked #2856 out of 4886 analysts.
Currently, the analyst consensus on SNC – Lavalin is a Strong Buy with an average price target of C$72.13.
Based on SNC – Lavalin’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$83.01 million. In comparison, last year the company had a net profit of C$104 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$52.15, close to its 52-week low of C$50.87.
