Canaccord Genuity Reiterates “Buy” Rating for SNC-Lavalin Group (SNC)
SNC-Lavalin Group (TSE:SNC)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Wednesday. They currently have a C$60.00 price objective on the stock, down from their previous price objective of C$63.00. Canaccord Genuity’s target price indicates a potential upside of 12.19% from the company’s current price.
SNC-Lavalin Group (TSE:SNC) traded down 0.26% during mid-day trading on Wednesday, hitting $53.34. 338,824 shares of the company’s stock traded hands. SNC-Lavalin Group has a 52-week low of $39.47 and a 52-week high of $54.50. The stock’s 50-day moving average is $50.26 and its 200-day moving average is $48.15. The company has a market cap of $8.112 billion and a P/E ratio of 104.86.
SNC-Lavalin Group (TSE:SNC) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.27. Analysts expect that SNC-Lavalin Group will post $2.88 EPS for the current fiscal year.
The company also recently declared a Quarterly dividend, which is scheduled for Thursday, June 5th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.24 per share. This represents a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, May 20th.
A number of other firms have also recently commented on SNC. Analysts at Raymond James raised their price target on shares of SNC-Lavalin Group from C$52.00 to C$56.00 in a research note on Thursday, May 29th. They now have a “market perform” rating on the stock. Separately, analysts at Dundee Securities raised their price target on shares of SNC-Lavalin Group from C$62.50 to C$67.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital upgraded shares of SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$57.36.
SNC-Lavalin Group Inc (TSE:SNC) is an international engineering and construction company.
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