Snc-Lavalin Group Inc (SNC) Receives Consensus Rating of “Buy” from Analysts
Snc-Lavalin Group Inc (TSE:SNC) has received a consensus rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$68.88.
SNC has been the topic of several recent analyst reports. Scotiabank increased their price objective on shares of Snc-Lavalin Group from C$67.00 to C$68.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. BMO Capital Markets reiterated an “outperform” rating and set a C$66.00 price objective on shares of Snc-Lavalin Group in a report on Friday, April 28th. TD Securities reiterated an “action list buy” rating and set a C$73.00 price objective on shares of Snc-Lavalin Group in a report 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 increased their price objective on shares of 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.
In other Snc-Lavalin Group news, insider Hartland Paterson purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were purchased at an average price of C$52.50 per share, for a total transaction of C$105,000.00. Also, Director Jean Raby purchased 500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of C$52.99 per share, for a total transaction of C$26,495.00.
Shares of Snc-Lavalin Group (TSE SNC) traded down 0.83% during midday trading on Friday, hitting $51.57. 298,134 shares of the company’s stock were exchanged. Snc-Lavalin Group has a one year low of $50.27 and a one year high of $59.63. The stock’s 50-day moving average price is $55.37 and its 200 day moving average price is $54.33. The firm has a market cap of $9.05 billion and a PE ratio of 28.62.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be issued 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 2.12%.
Snc-Lavalin Group Company Profile
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