RBC Capital Thinks SNC – Lavalin’s Stock is Going to Recover


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$58 price target.

According to TipRanks.com, Spronck is ranked #528 out of 4908 analysts.

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Currently, the analyst consensus on SNC – Lavalin is a Strong Buy with an average price target of C$64.11.

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 315.4K.

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$45.96, close to its 52-week low of C$43.73.

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