SNC – Lavalin Gets a Hold Rating from AltaCorp Captial

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, SNC – Lavalin (TSX: SNC). Analyst Chris Murray from AltaCorp Captial rated SNC – Lavalin (TSX: SNC) a Hold, setting a C$60 price target.

Murray has an average return of 22.6% when recommending SNC – Lavalin.

According to TipRanks.com, Murray is ranked #659 out of 4642 analysts.

SNC – Lavalin has an analyst consensus of Strong Buy, with a price target consensus of C$66.86.

SNC – Lavalin’s market cap is currently C$8.2B and has a P/E ratio of 30.1.

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 Thursday at C$54.52.