Today, an analyst has provided a rating update for the Materials sector company, SNC – Lavalin (SNC). The company received a Buy rating from Scotiabank’s analyst Mark Neville, with a C$42 price target.
According to TipRanks.com, Neville is a 4-star analyst with an average return of 4.5% and a 58.2% success rate. Neville covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Stella-Jones Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SNC – Lavalin with a C$40.67 average price target, implying a 52.0% upside from current levels. In a report issued on May 3, RBC Capital also maintained a Buy rating on the stock with a C$40 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 GAAP net loss of C$17.31 million. In comparison, last year the company had a net profit of C$78.07 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$26.76, close to its 52-week low of C$26.01.
