SNC-Lavalin Group Inc (SNC) Price Target Raised to C$58.00 at RBC Capital

SNC-Lavalin Group Inc (TSE:SNC) had its price target lifted by analysts at RBC Capital from C$54.00 to C$58.00 in a research note issued on Friday, StockTargetPrices.com reports. RBC Capital’s target price would indicate a potential upside of 11.52% from the company’s previous close.

A number of other equities analysts also recently commented on SNC. National Bank Financial upped their price objective on shares of SNC-Lavalin Group from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Monday, May 2nd. Desjardins upped their price objective on shares of SNC-Lavalin Group from C$51.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. TD Securities increased their price target on shares of SNC-Lavalin Group from C$47.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, May 6th. Dundee Securities increased their price target on shares of SNC-Lavalin Group from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, March 4th. Finally, CIBC increased their price target on shares of SNC-Lavalin Group from C$47.00 to C$48.00 in a report on Friday, March 4th. Nine research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$54.45.

SNC-Lavalin Group (TSE:SNC) traded up 0.90% during trading on Friday, hitting $52.48. 34,294 shares of the stock were exchanged. The stock’s 50 day moving average price is $48.58 and its 200 day moving average price is $43.82. The stock has a market cap of $7.86 billion and a P/E ratio of 18.68. SNC-Lavalin Group has a 12 month low of $35.89 and a 12 month high of $52.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, June 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $1.04 dividend on an annualized basis and a yield of 2.00%.

SNC-Lavalin Group Inc is an engineering and construction company. The Company operates through four segments: Resources, Environment and Water (REW); Power; Infrastructure, and Infrastructure Concessions Investments (ICI). The Company’s REW segment includes projects from the Mining & Metallurgy, Oil & Gas and Environment & Water sub-segments.