CIBC World Markets upgraded SNC-Lavalin (TSE:SNC) from Sector Perform to Outperform in a statement released earlier today.
- Updated: September 16, 2016
CIBC World Markets has upgraded SNC-Lavalin(TSE:SNC) from Sector Perform to Outperform in a statement released on 9/16/2016.
On Thursday September 15 2016, CIBC World Markets reported on SNC-Lavalin(TSE:SNC) upped the target price from $55.00 to $63.00 that suggested an upside of 0.16%.
Only yesterday SNC-Lavalin (TSE:SNC) traded 2.99% higher at $53.51. SNC-Lavalin’s 50-day moving average is $55.82 and its two hundred day moving average is $51.51. With the last stock price close up 5.57% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the date range. Trade volume was was down over the average, with 289,708 shares of SNC changing hands under the typical 295,930 shares..
With a market cap of $0.0, SNC-Lavalin has a one-year low of $36.47 and a one-year high of $58.46 with a PE ratio of 17.
A total of 11 analysts have released a report on SNC-Lavalin. Zero rate the stock a strong buy, eight analysts rate the company a buy, three analyts rate the company a hold, 0 rate the company to underperform, and finally 0 analystsrate the company as sell with a 12-month target of $47.27
Brief Synopsis About SNC-Lavalin (TSE:SNC)
SNC-Lavalin Group Inc. is an engineering and construction company. The Company’s segments include Mining & Metallurgy, which provides solutions for a range of projects in the aluminum, gold, copper, iron ore, nickel, fertilizers and sulfur product sectors, among others; Oil & Gas, which includes projects in the upstream, midstream and downstream (supporting infrastructure) sectors for oil and gas and resources companies, supporting these clients operating across the asset lifecycle from front end evaluation through decommissioning (capital expenditures and operational expenditures); Power, which includes projects and services in hydro, nuclear and thermal power generation, renewable power generation, energy from waste, and electrical transmission and distribution systems; Infrastructure, which is divided into the Infrastructure & Construction and Operations & Maintenance sub-segments, and and Capital segment is the investment and asset management arm of the Company.
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