SNC – Lavalin (TSX: SNC), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Raymond James’ analyst Frederic Bastien, with a C$62 price target.
According to TipRanks.com, Bastien is ranked #2118 out of 4886 analysts.
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Currently, the analyst consensus on SNC – Lavalin is a Strong Buy with an average price target of C$67.30, representing a 49.3% upside. In a report issued on October 1, National Bank also maintained a Buy rating on the stock with a C$69 price target.
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The company has a one-year high of C$61.54 and a one-year low of C$43.73. Currently, SNC – Lavalin has an average volume of 287.6K.
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 Friday at C$45.08, close to its 52-week low of C$43.73.
