BMO Capital Keeps Their Buy Rating on SNC – Lavalin

By Ryan Adsit

SNC – Lavalin (TSX: SNC), the Materials sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from BMO Capital’s analyst Devin Dodge, with a C$67 price target.

According to TipRanks.com, Dodge is ranked #3129 out of 4642 analysts.

Currently, the analyst consensus on SNC – Lavalin is Strong Buy and the average price target is C$66.86, representing a 22.5% upside.

In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a C$70 price target.

Based on SNC – Lavalin’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$1.88 billion and quarterly net profit of C$136 million. In comparison, last year the company earned revenue of C$2.06 billion and had a net profit of C$88.51 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 & Metallurgy, Oil & Gas, Power, Infrastructure and Capital.

The company’s shares closed on Wednesday at C$54.61.