In a new note to investors today, an analyst has provided a rating update for SNC – Lavalin (SNC). The company received a Buy rating from RBC Capital’s analyst Derek Spronck, with a C$44 price target.
According to TipRanks.com, Spronck is ranked #734 out of 5167 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SNC – Lavalin with a C$46.78 average price target, implying a 37.9% upside from current levels. In a report issued on February 11, AltaCorp Captial also reiterated a Buy rating on the stock with a C$48 price target.
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Based on SNC – Lavalin’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$121 million. In comparison, last year the company had a net profit of C$52.36 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 Friday at C$33.93, close to its 52-week low of C$33.51.
