Snc-Lavalin Group Inc (TSE:SNC) Given Consensus Recommendation of “Buy” by Analysts
Shares of Snc-Lavalin Group Inc (TSE:SNC) have earned a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$68.25.
A number of equities analysts have recently weighed in on the company. CIBC set a C$67.00 price target on Snc-Lavalin Group and gave the stock an “outperform” rating in a report on Monday, July 10th. Scotiabank reissued an “outperform” rating and issued a C$68.00 price target on shares of Snc-Lavalin Group in a report on Tuesday, July 4th. Canaccord Genuity boosted their price target on Snc-Lavalin Group from C$64.00 to C$76.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. TD Securities reissued an “action list buy” rating and issued a C$73.00 price target on shares of Snc-Lavalin Group in a report on Friday, May 5th. Finally, Raymond James Financial, Inc. boosted their price target on Snc-Lavalin Group from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a report on Tuesday, May 2nd.
Shares of Snc-Lavalin Group (TSE:SNC) traded up 0.65% during mid-day trading on Monday, reaching $55.79. The company’s stock had a trading volume of 234,294 shares. The company’s 50-day moving average is $54.97 and its 200 day moving average is $54.79. The firm has a market capitalization of $8.39 billion and a P/E ratio of 37.57. Snc-Lavalin Group has a 1-year low of $50.27 and a 1-year high of $59.63.
In other news, insider Chantal Sorel sold 1,200 shares of Snc-Lavalin Group 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. Also, insider Hartland Paterson purchased 2,000 shares of the stock in a transaction on Friday, June 16th. The shares were purchased at an average cost of C$52.50 per share, with a total value of C$105,000.00.
About Snc-Lavalin Group
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