Snc-Lavalin Group Inc (SNC) Price Target Raised to C$68.00
Snc-Lavalin Group Inc (TSE:SNC) had its price objective boosted by Raymond James Financial, Inc. from C$66.00 to C$68.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target would suggest a potential upside of 26.87% from the company’s previous close.
SNC has been the topic of a number of other research reports. TD Securities restated an “action list buy” rating and set a C$73.00 price target on shares of Snc-Lavalin Group in a research report on Friday, May 5th. BMO Capital Markets restated an “outperform” rating and set a C$67.00 price target on shares of Snc-Lavalin Group in a research report on Friday. Scotiabank raised their price target on Snc-Lavalin Group from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday. CIBC set a C$67.00 price target on Snc-Lavalin Group and gave the company an “outperform” rating in a research report on Monday, July 10th. Finally, National Bank Financial lowered their price target on Snc-Lavalin Group from C$70.00 to C$69.00 and set an “outperform” rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Snc-Lavalin Group currently has a consensus rating of “Buy” and a consensus target price of C$68.44.
Shares of Snc-Lavalin Group (SNC) traded down 1.08% during trading on Tuesday, reaching $53.02. The company’s stock had a trading volume of 350,894 shares. The stock has a market cap of $7.98 billion and a P/E ratio of 35.70. The stock has a 50-day moving average of $55.61 and a 200-day moving average of $54.62. Snc-Lavalin Group has a 52-week low of $50.27 and a 52-week high of $59.63.
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In other news, insider Chantal Sorel sold 1,200 shares of Snc-Lavalin Group stock in a transaction dated 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 acquired 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was bought at an average price of C$52.50 per share, for a total transaction of C$105,000.00.
Snc-Lavalin Group Company Profile
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