Insider Buying: Snc-Lavalin Group Inc (TSE:SNC) Director Acquires 500 Shares of Stock
Snc-Lavalin Group Inc (TSE:SNC) Director Jean Raby purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of C$52.99 per share, for a total transaction of C$26,495.00.
Shares of Snc-Lavalin Group Inc (TSE:SNC) traded up 0.45% during trading on Monday, hitting $53.01. The stock had a trading volume of 157,550 shares. The company has a market capitalization of $9.30 billion and a price-to-earnings ratio of 29.42. The company’s 50 day moving average price is $55.72 and its 200 day moving average price is $54.46. Snc-Lavalin Group Inc has a 52 week low of $50.27 and a 52 week high of $59.63.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be paid a $0.273 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.09 annualized dividend and a yield of 2.07%.
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A number of equities analysts have commented on the company. Scotiabank boosted their price objective on Snc-Lavalin Group from C$67.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$66.00 price target on shares of Snc-Lavalin Group in a research note on Friday, April 28th. TD Securities reaffirmed an “action list buy” rating and set a C$73.00 price target on shares of Snc-Lavalin Group in a research note on Friday, May 5th. Desjardins reiterated a “buy” rating on shares of Snc-Lavalin Group in a report on Friday, April 28th. Finally, Canaccord Genuity upped their price objective on Snc-Lavalin Group from C$64.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$68.44.
Snc-Lavalin Group Company Profile
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