CIBC Raises Snc-Lavalin Group (SNC) Price Target to C$68.00

Snc-Lavalin Group (TSE:SNC) had its price target increased by investment analysts at CIBC from C$65.00 to C$68.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 19.99% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Scotiabank boosted their price objective on shares of Snc-Lavalin Group from C$70.00 to C$73.50 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. Royal Bank of Canada boosted their price objective on shares of Snc-Lavalin Group from C$67.00 to C$69.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BMO Capital Markets boosted their price objective on shares of Snc-Lavalin Group from C$67.00 to C$68.00 in a research report on Friday, November 3rd. Canaccord Genuity boosted their price objective on shares of Snc-Lavalin Group from C$76.00 to C$77.00 in a research report on Tuesday, October 31st. Finally, Desjardins boosted their price objective on shares of Snc-Lavalin Group from C$69.00 to C$72.00 in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Snc-Lavalin Group currently has a consensus rating of “Buy” and a consensus target price of C$71.33.

Shares of Snc-Lavalin Group (TSE:SNC) traded up C$0.14 during mid-day trading on Tuesday, hitting C$56.67. 150,703 shares of the stock were exchanged, compared to its average volume of 228,470. Snc-Lavalin Group has a 12-month low of C$50.28 and a 12-month high of C$59.38. The company has a market cap of $10,010.00, a P/E ratio of 26.99 and a beta of 0.71.

Snc-Lavalin Group (TSE:SNC) last issued its quarterly earnings data on Thursday, November 2nd. The company reported C$0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.58 by C$0.20. Snc-Lavalin Group had a net margin of 3.84% and a return on equity of 9.12%.

In other news, Director Benita Marie Warmbold bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought 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

SNC-Lavalin Group Inc provides engineering and construction, and operations and maintenance services worldwide. The company operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

Analyst Recommendations for Snc-Lavalin Group (TSE:SNC)

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