National Bank Financial Trims Snc-Lavalin Group Inc (SNC) Target Price to C$69.00
Snc-Lavalin Group Inc (TSE:SNC) had its target price lowered by analysts at National Bank Financial from C$70.00 to C$69.00 in a report issued on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 28.30% from the stock’s previous close.
A number of other research firms also recently weighed in on SNC. CIBC set a C$67.00 price target on shares of Snc-Lavalin Group and gave the stock an “outperform” rating in a research note on Monday, July 10th. Scotiabank reaffirmed an “outperform” rating and set a C$68.00 price target on shares of Snc-Lavalin Group in a research note on Tuesday, July 4th. Canaccord Genuity increased their price target on shares of Snc-Lavalin Group from C$64.00 to C$76.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Desjardins reaffirmed a “buy” rating on shares of Snc-Lavalin Group in a research note on Friday, April 28th. Finally, Raymond James Financial, Inc. increased their price target on shares of Snc-Lavalin Group from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$68.44.
Snc-Lavalin Group (TSE:SNC) traded up 0.17% during mid-day trading on Friday, reaching $53.87. 412,804 shares of the company traded hands. The stock has a market capitalization of $8.10 billion and a PE ratio of 36.28. The stock has a 50-day moving average of $55.61 and a 200 day moving average of $54.62. Snc-Lavalin Group has a 52-week low of $50.27 and a 52-week high of $59.63.
TRADEMARK VIOLATION NOTICE: “National Bank Financial Trims Snc-Lavalin Group Inc (SNC) Target Price to C$69.00” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/04/national-bank-financial-trims-snc-lavalin-group-inc-snc-target-price-to-c69-00.html.
In other Snc-Lavalin Group news, insider Hartland Paterson bought 2,000 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of C$52.50 per share, with a total value of C$105,000.00. Also, insider Chantal Sorel sold 1,200 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of C$53.42, for a total transaction of C$64,104.00.
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 Mining & Metallurgy segment offers a range of solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.
Receive News & Ratings for Snc-Lavalin Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snc-Lavalin Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.