SNC-Lavalin Group Inc. (SNC) Receives Average Rating of “Buy” from Brokerages
SNC-Lavalin Group Inc. (TSE:SNC) has been given a consensus recommendation of “Buy” by the ten research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$70.33.
SNC has been the subject of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and set a C$67.00 price objective on shares of SNC-Lavalin Group in a research report on Friday, August 4th. National Bank Financial cut their price objective on SNC-Lavalin Group from C$70.00 to C$69.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Scotiabank boosted their price objective on SNC-Lavalin Group from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Raymond James Financial, Inc. boosted their price objective on SNC-Lavalin Group from C$66.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Finally, AltaCorp Capital reissued a “sector perform” rating on shares of SNC-Lavalin Group in a research report on Tuesday, August 8th.
SNC-Lavalin Group (SNC) traded up C$0.15 during midday trading on Friday, hitting C$56.15. The company had a trading volume of 124,415 shares, compared to its average volume of 269,097. SNC-Lavalin Group has a fifty-two week low of C$50.28 and a fifty-two week high of C$59.63.
In other news, Director Benita Marie Warmbold purchased 3,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of C$56.79 per share, with a total value of C$170,370.00.
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About SNC-Lavalin Group
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