Snc-Lavalin Group Inc (SNC) Given Consensus Rating of “Buy” by Brokerages
Shares of Snc-Lavalin Group Inc (TSE:SNC) have earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$68.88.
SNC has been the topic of several recent analyst reports. Canaccord Genuity lifted 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 research note on Tuesday, July 4th. Scotiabank reissued an “outperform” rating and set a C$68.00 price objective on shares of Snc-Lavalin Group in a research note on Tuesday, July 4th. 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. BMO Capital Markets restated an “outperform” rating and set a C$67.00 target price on shares of Snc-Lavalin Group in a report on Friday, August 4th. Finally, National Bank Financial dropped their target price on shares of Snc-Lavalin Group from C$70.00 to C$69.00 and set an “outperform” rating on the stock in a report on Friday, August 4th.
In other Snc-Lavalin Group news, insider Hartland Paterson acquired 2,000 shares of the stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of C$52.50 per share, for a total transaction of C$105,000.00. Also, Director Jean Raby acquired 500 shares of the stock in a transaction dated 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. Insiders have acquired a total of 4,500 shares of company stock worth $236,995 over the last 90 days.
Snc-Lavalin Group (TSE SNC) traded up 1.39% during midday trading on Tuesday, hitting $54.59. 498,511 shares of the stock were exchanged. Snc-Lavalin Group has a one year low of $50.27 and a one year high of $59.63. The company has a 50 day moving average price of $53.68 and a 200 day moving average price of $53.90. The firm has a market capitalization of $9.58 billion and a price-to-earnings ratio of 30.29.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 31st were issued a dividend of $0.273 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.09 annualized dividend and a yield of 2.00%.
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About Snc-Lavalin Group
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