SNC – Lavalin (TSX: SNC), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from BMO Capital’s analyst Devin Dodge, with a C$60 price target.
According to TipRanks.com, Dodge is a 1-star analyst with an average return of -1.6% and a 41.0% success rate. Dodge covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Stantec Inc.
SNC – Lavalin has an analyst consensus of Strong Buy, with a price target consensus of C$69.89, which is a 56.8% 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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Based on SNC – Lavalin’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$83.01 million. In comparison, last year the company had a net profit of C$104 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$44.55, close to its 52-week low of C$43.82.
