SNC-Lavalin Group Inc (SNC) Receives Average Rating of “Buy” from Analysts
SNC-Lavalin Group Inc (TSE:SNC) has received an average rating of “Buy” from the eleven research firms that are currently covering the firm. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$61.40.
A number of equities analysts have commented on the company. CIBC lifted their price target on SNC-Lavalin Group from C$48.00 to C$55.00 in a research note on Saturday, August 6th. National Bank Financial lifted their price target on SNC-Lavalin Group from C$58.50 to C$63.50 in a research note on Tuesday, July 19th. Raymond James Financial Inc. decreased their price target on SNC-Lavalin Group from C$65.00 to C$63.00 in a research note on Friday, September 30th. TD Securities reaffirmed a “buy” rating and issued a C$70.00 price target on shares of SNC-Lavalin Group in a research note on Thursday, August 11th. Finally, Desjardins set a C$64.00 price target on SNC-Lavalin Group and gave the stock a “buy” rating in a research note on Saturday, August 6th.
Shares of SNC-Lavalin Group (TSE:SNC) opened at 55.85 on Tuesday. SNC-Lavalin Group has a 52-week low of $36.47 and a 52-week high of $58.46. The company’s 50-day moving average is $53.27 and its 200 day moving average is $53.51. The company has a market cap of $8.39 billion and a PE ratio of 27.69.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, December 1st will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.86%.
About SNC-Lavalin Group
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