Insider Selling: Snc-Lavalin Group Inc (SNC) Insider Sells 1,200 Shares of Stock
Snc-Lavalin Group Inc (TSE:SNC) insider Chantal Sorel sold 1,200 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of C$53.42, for a total value of C$64,104.00.
Shares of Snc-Lavalin Group Inc (TSE:SNC) traded down 0.72% on Monday, hitting $52.07. The stock had a trading volume of 452,844 shares. The company has a market cap of $7.83 billion and a price-to-earnings ratio of 35.06. Snc-Lavalin Group Inc has a 12-month low of $50.27 and a 12-month high of $59.63. The stock has a 50 day moving average price of $53.87 and a 200-day moving average price of $55.45.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, June 1st will be given a $0.273 dividend. This represents a $1.09 annualized dividend and a yield of 2.10%. The ex-dividend date is Tuesday, May 16th.
Several research analysts recently issued reports on the company. CIBC lowered Snc-Lavalin Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 18th. Royal Bank of Canada upped their target price on Snc-Lavalin Group from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Scotiabank upped their target price on Snc-Lavalin Group from C$65.00 to C$67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 14th. TD Securities reduced their target price on Snc-Lavalin Group from C$68.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Finally, National Bank Financial upped their target price on Snc-Lavalin Group from C$66.00 to C$67.00 in a research report on Friday, March 3rd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$65.89.
About Snc-Lavalin Group
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