SNC-Lavalin Group Price Target Raised to C$66.00 (SNC)
Stock analysts at RBC Capital boosted their price target on shares of SNC-Lavalin Group (TSE:SNC) from C$60.00 to C$66.00 in a report issued on Monday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 17.75% from the stock’s previous close.
SNC-Lavalin Group (TSE:SNC) traded up 0.93% on Monday, hitting $56.57. The stock had a trading volume of 104,438 shares. SNC-Lavalin Group has a 1-year low of $39.47 and a 1-year high of $59.63. The stock’s 50-day moving average is $56.67 and its 200-day moving average is $51.55. The company has a market cap of $8.615 billion and a P/E ratio of 58.39.
SNC-Lavalin Group (TSE:SNC) last announced its earnings results on Monday, August 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.21. Analysts expect that SNC-Lavalin Group will post $2.84 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, September 5th will be paid a dividend of $0.24 per share. This represents a dividend yield of 1.69%. The ex-dividend date is Wednesday, August 20th.
SNC has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of SNC-Lavalin Group from C$56.00 to C$57.00 in a research note on Monday, August 11th. They now have a “market perform” rating on the stock. Separately, analysts at Desjardins cut their price target on shares of SNC-Lavalin Group from C$64.00 to C$63.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of SNC-Lavalin Group from C$64.00 to C$68.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. SNC-Lavalin Group presently has an average rating of “Buy” and a consensus target price of C$61.45.
SNC-Lavalin Group Inc (TSE:SNC) is an international engineering and construction company.
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