Snc-Lavalin Group Inc (SNC) Receives C$68.88 Average PT from Analysts
Shares of Snc-Lavalin Group Inc (TSE:SNC) have been given a consensus rating of “Buy” by the ten brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$68.88.
SNC has been the topic of several research reports. Scotiabank boosted their price target on Snc-Lavalin Group from C$67.00 to C$68.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. TD Securities restated an “action list buy” rating and set a C$73.00 price target on shares of Snc-Lavalin Group in a report on Friday, May 5th. Canaccord Genuity boosted their price target on Snc-Lavalin Group from C$64.00 to C$76.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. Raymond James Financial, Inc. boosted their price target on Snc-Lavalin Group from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a report on Tuesday, May 2nd. Finally, Desjardins restated a “buy” rating on shares of Snc-Lavalin Group in a report on Friday, April 28th.
Shares of Snc-Lavalin Group (TSE SNC) traded down 0.33% on Friday, hitting $51.40. 55,637 shares of the stock traded hands. The stock has a market cap of $9.02 billion and a PE ratio of 28.52. Snc-Lavalin Group has a 1-year low of $50.27 and a 1-year high of $59.63. The stock has a 50 day moving average of $55.22 and a 200-day moving average of $54.30.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be issued a $0.273 dividend. This represents a $1.09 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, August 15th.
In related news, insider Hartland Paterson bought 2,000 shares of Snc-Lavalin Group stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average cost of C$52.50 per share, for a total transaction of C$105,000.00. Also, Director Jean Raby bought 500 shares of Snc-Lavalin Group stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of C$52.99 per share, for a total transaction of C$26,495.00.
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