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Raymond James 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 Frederic Bastien from Raymond James remains bullish on the stock and has a C$62 price target.

According to TipRanks.com, Bastien is ranked #1976 out of 4897 analysts.

SNC – Lavalin has an analyst consensus of Strong Buy, with a price target consensus of C$71, representing a 58.8% 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$43.82. Currently, SNC – Lavalin has an average volume of 293.1K.

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$44.71, close to its 52-week low of C$43.82.