SNC-Lavalin Group Given Consensus Recommendation of “Buy” by Analysts (TSE:SNC)
Shares of SNC-Lavalin Group (TSE:SNC) have earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the stock, Analyst Ratings Network.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$61.82.
A number of research firms have recently commented on SNC. Analysts at Desjardins raised their price target on shares of SNC-Lavalin Group from C$63.00 to C$67.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Shares of SNC-Lavalin Group (TSE:SNC) traded up 1.38% on Wednesday, hitting $56.66. The stock had a trading volume of 108,535 shares. SNC-Lavalin Group has a 52-week low of $39.71 and a 52-week high of $59.63. The stock has a 50-day moving average of $56.68 and a 200-day moving average of $52.06. The company has a market cap of $8.629 billion and a price-to-earnings ratio of 58.22.
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. On average, analysts predict that SNC-Lavalin Group will post $2.80 earnings per share 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-Lavalin Group Inc (TSE:SNC) is an international engineering and construction company.
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