National Bank Financial Comments on Snc-Lavalin Group Inc’s Q3 2017 Earnings (TSE:SNC)
Snc-Lavalin Group Inc (TSE:SNC) – National Bank Financial issued their Q3 2017 earnings per share (EPS) estimates for Snc-Lavalin Group in a report issued on Thursday. National Bank Financial analyst M. Sytchev expects that the company will post earnings of $0.55 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $69.00 price target on the stock. National Bank Financial also issued estimates for Snc-Lavalin Group’s Q4 2017 earnings at $0.67 EPS and FY2017 earnings at $2.05 EPS.
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SNC has been the subject of several other reports. TD Securities reaffirmed an “action list buy” rating and set a C$73.00 price objective on shares of Snc-Lavalin Group in a research note on Friday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$67.00 price objective on shares of Snc-Lavalin Group in a research note on Friday. Scotiabank lifted their price objective on shares of Snc-Lavalin Group from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Friday. CIBC set a C$67.00 price objective on shares of Snc-Lavalin Group and gave the stock an “outperform” rating in a research note on Monday, July 10th. Finally, Raymond James Financial, Inc. lifted their price objective on shares of Snc-Lavalin Group from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 2nd. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Snc-Lavalin Group presently has an average rating of “Buy” and a consensus target price of C$68.44.
Shares of Snc-Lavalin Group (SNC) opened at 53.60 on Monday. The company has a market capitalization of $8.06 billion and a price-to-earnings ratio of 36.09. The company’s 50-day moving average is $55.61 and its 200-day moving average is $54.62. Snc-Lavalin Group has a 12-month low of $50.27 and a 12-month high of $59.63.
In other news, insider Hartland Paterson acquired 2,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was bought 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 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 transaction of C$64,104.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, August 15th.
About Snc-Lavalin Group
SNC-Lavalin Group Inc provides engineering and construction, and operations and maintenance services worldwide. The company operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, and Capital segments. The Mining & Metallurgy segment offers a range of solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.
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