The Materials sector company, SNC – Lavalin (TSX: SNC), has received a rating update from a Wall Street analyst yesterday. Analyst Derek Spronck from RBC Capital rated SNC – Lavalin (TSX: SNC) a Buy, setting a C$62 price target.
According to TipRanks.com, Spronck is ranked #445 out of 4892 analysts.
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Currently, the analyst consensus on SNC – Lavalin is a Strong Buy with an average price target of C$66.90, implying a 39.0% upside from current levels. In a report issued on October 11, Raymond James also maintained a Buy rating on the stock with a C$62 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 292.5K.
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 Tuesday at C$48.13.
