In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, SNC – Lavalin (TSX: SNC). Analyst Mark Neville from Scotiabank rated SNC – Lavalin (TSX: SNC) a Buy, setting a C$73 price target.
Neville has an average return of 1.3% when recommending SNC – Lavalin.
According to TipRanks.com, Neville is ranked #298 out of 4853 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for SNC – Lavalin with a C$71.20 average price target, representing a 25.9% upside. In a report released yesterday, Canaccord Genuity also assigned a Buy rating to the stock with a C$73 price target.
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Based on SNC – Lavalin’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$78.07 million. In comparison, last year the company had a net profit of C$136 million.
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$56.56.
