In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, SNC – Lavalin (TSX: SNC). Analyst Derek Spronck from RBC Capital reiterated a Buy rating, with a C$66 price target yesterday.
According to TipRanks.com, Spronck is ranked #483 out of 4897 analysts.
Currently, the analyst consensus on SNC – Lavalin is a Strong Buy with an average price target of C$69.50, a 56.5% upside from current levels. 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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SNC – Lavalin’s market cap is currently C$7.88B and has a P/E ratio of 25.3. The company has a Price to Book ratio of 1.57.
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$44.42, close to its 52-week low of C$43.82.
