Snc-Lavalin Group Inc (SNC) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Snc-Lavalin Group Inc (TSE:SNC) have earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$66.00.
Several analysts recently commented on the stock. TD Securities reiterated an “action list buy” rating and issued a C$73.00 price target on shares of Snc-Lavalin Group in a research report on Friday, May 5th. Raymond James Financial, Inc. upped their price target on shares of Snc-Lavalin Group from C$63.00 to C$68.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Desjardins reiterated a “buy” rating on shares of Snc-Lavalin Group in a research report on Friday, April 28th. Scotiabank upped their price target on shares of Snc-Lavalin Group from C$67.00 to C$68.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$66.00 price target on shares of Snc-Lavalin Group in a research report on Friday, April 28th.
In related news, insider Hartland Paterson purchased 2,000 shares of the stock in a transaction dated Friday, June 16th. The shares were acquired at an average cost of C$52.50 per share, with a total value of C$105,000.00. Also, 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 transaction of C$64,104.00.
Snc-Lavalin Group (TSE SNC) traded up 0.16% during midday trading on Tuesday, reaching $55.23. 232,659 shares of the company were exchanged. The company has a market capitalization of $8.31 billion and a PE ratio of 37.19. Snc-Lavalin Group has a 52 week low of $50.27 and a 52 week high of $59.63. The firm has a 50-day moving average price of $52.73 and a 200-day moving average price of $54.86.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, June 1st were paid a dividend of $0.273 per share. The ex-dividend date was Tuesday, May 16th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.98%.
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About Snc-Lavalin Group
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