Desjardins Increases SNC-Lavalin Group Price Target to C$67.00 (SNC)
Research analysts at Desjardins lifted their price target on shares of SNC-Lavalin Group (TSE:SNC) from C$63.00 to C$67.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 20.33% from the company’s current price.
A number of other analysts have also recently weighed in on SNC. Analysts at RBC Capital raised their price target on shares of SNC-Lavalin Group from C$60.00 to C$66.00 in a research note on Monday, August 25th. They now have an “outperform” rating on the stock. Separately, 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. 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SNC-Lavalin Group currently has a consensus rating of “Buy” and an average target price of C$61.82.
Shares of SNC-Lavalin Group (TSE:SNC) traded down 0.29% on Tuesday, hitting $55.52. The stock had a trading volume of 109,419 shares. SNC-Lavalin Group has a 52 week low of $39.60 and a 52 week high of $59.63. The stock has a 50-day moving average of $56.69 and a 200-day moving average of $52.00. The company has a market cap of $8.455 billion and a price-to-earnings ratio of 58.00.
SNC-Lavalin Group (TSE:SNC) last posted its quarterly 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. On average, analysts predict that SNC-Lavalin Group will post $2.80 earnings per share for the current fiscal year.
The company also recently declared a Quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, September 5th will be given a dividend of $0.24 per share. This represents a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 20th.
SNC-Lavalin Group Inc (TSE:SNC) is an international engineering and construction company.
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