Snc-Lavalin Group Inc (SNC) Receives Average Recommendation of “Buy” from Analysts

Snc-Lavalin Group Inc (TSE:SNC) has been assigned an average rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$71.33.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Snc-Lavalin Group from C$67.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. BMO Capital Markets increased their price objective on shares of Snc-Lavalin Group from C$67.00 to C$68.00 in a report on Friday, November 3rd. Desjardins increased their price objective on shares of Snc-Lavalin Group from C$69.00 to C$72.00 in a report on Friday, November 3rd. Scotiabank reissued an “outperform” rating and set a C$70.00 price objective on shares of Snc-Lavalin Group in a report on Tuesday, October 31st. Finally, Canaccord Genuity increased their price objective on shares of Snc-Lavalin Group from C$76.00 to C$77.00 in a report on Tuesday, October 31st.

Shares of Snc-Lavalin Group (TSE SNC) traded up C$0.42 during trading on Friday, hitting C$52.81. 501,204 shares of the company were exchanged, compared to its average volume of 353,444. The firm has a market cap of $9,190.00, a PE ratio of 25.15 and a beta of 0.56. Snc-Lavalin Group has a 1-year low of C$50.28 and a 1-year high of C$59.38.

In other news, Director Benita Marie Warmbold purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of C$56.79 per share, for a total transaction of C$170,370.00.

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Snc-Lavalin Group Company Profile

SNC-Lavalin Group Inc is a Canada-based engineering and construction company. The Company’s segments include Mining & Metallurgy, which provides solutions for a range of projects in the aluminum, gold, copper, iron ore, nickel, fertilizers and sulfur product sectors, among others; Oil & Gas, which includes projects in the upstream, midstream and downstream (supporting infrastructure) sectors for oil and gas and resources companies, supporting these clients operating across the asset lifecycle from front end evaluation through decommissioning (capital expenditures and operational expenditures); Power, which includes projects and services in hydro, nuclear and thermal power generation, renewable power generation, energy from waste, and electrical transmission and distribution systems; Infrastructure, which is divided into the Infrastructure & Construction and Operations & Maintenance sub-segments, and Capital segment is the investment and asset management arm of the Company.

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

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