Snc-Lavalin Group (SNC) Stock Price Down 4.6% Following Analyst Downgrade

Snc-Lavalin Group Inc (TSE:SNC) traded down 4.6% during trading on Monday after TD Securities lowered their price target on the stock from C$47.00 to C$45.00. TD Securities currently has a buy rating on the stock. Snc-Lavalin Group traded as low as C$34.30 and last traded at C$35.02. 367,011 shares changed hands during trading, a decline of 41% from the average session volume of 622,614 shares. The stock had previously closed at C$36.71.

Other equities research analysts also recently issued reports about the stock. Raymond James set a C$45.00 price target on shares of Snc-Lavalin Group and gave the stock a “market perform” rating in a report on Tuesday. National Bank Financial lowered their price target on shares of Snc-Lavalin Group from C$54.00 to C$52.00 and set an “outperform” rating for the company in a report on Tuesday. Canaccord Genuity lowered their price target on shares of Snc-Lavalin Group from C$61.00 to C$58.00 in a report on Wednesday, January 23rd. CIBC boosted their target price on shares of Snc-Lavalin Group from C$52.00 to C$56.00 in a report on Tuesday, January 15th. Finally, Royal Bank of Canada lowered their target price on shares of Snc-Lavalin Group from C$58.00 to C$48.00 and set an “outperform” rating for the company in a report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Snc-Lavalin Group currently has an average rating of “Buy” and a consensus price target of C$49.22.

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The firm has a market cap of $5.97 billion and a PE ratio of 18.13. The company has a debt-to-equity ratio of 72.88, a quick ratio of 0.77 and a current ratio of 0.89.

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About Snc-Lavalin Group (TSE:SNC)

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, Atkins, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

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