Raymond James Sticks to Their Hold Rating for SNC – Lavalin (SNC)


The Materials sector company, SNC – Lavalin (SNC), has received a rating update from a Wall Street analyst today. The company received a Hold rating from Raymond James’ analyst Frederic Bastien, with a C$32 price target.

According to TipRanks.com, Bastien is ranked #2503 out of 5229 analysts.

SNC – Lavalin has an analyst consensus of Moderate Buy, with a price target consensus of C$40.57.

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$83.01 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 Wednesday at C$26.67, close to its 52-week low of C$23.44.

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