BMO Capital Markets Reiterates Outperform Rating for Snc-Lavalin Group Inc (TSE:SNC)
BMO Capital Markets restated their outperform rating on shares of Snc-Lavalin Group Inc (TSE:SNC) in a research report report published on Friday morning. They currently have a C$67.00 price target on the stock.
A number of other analysts also recently weighed in on SNC. Scotiabank increased their price target on shares of Snc-Lavalin Group from C$67.00 to C$68.00 and gave the company an outperform rating in a report on Friday, April 28th. TD Securities increased their price target on shares of Snc-Lavalin Group from C$67.00 to C$73.00 and gave the company an action list buy rating in a report on Friday, April 28th. Desjardins reissued a buy rating on shares of Snc-Lavalin Group in a report on Friday, April 28th. Raymond James Financial, Inc. increased their price objective on shares of Snc-Lavalin Group from C$63.00 to C$68.00 and gave the company an outperform rating in a research note on Tuesday, May 2nd. Finally, Canaccord Genuity increased their price objective on shares of Snc-Lavalin Group from C$64.00 to C$76.00 and gave the company a buy rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Snc-Lavalin Group currently has a consensus rating of Buy and a consensus target price of C$68.44.
Snc-Lavalin Group (TSE:SNC) traded down 0.33% during midday trading on Friday, hitting $53.60. 584,516 shares of the stock traded hands. The stock has a market cap of $8.06 billion and a PE ratio of 36.09. Snc-Lavalin Group has a 1-year low of $50.27 and a 1-year high of $59.63. The company has a 50-day moving average of $55.61 and a 200-day moving average of $54.62.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be given a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 15th.
In related news, insider Hartland Paterson acquired 2,000 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were purchased 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 stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of C$53.42, for a total transaction of C$64,104.00.
Snc-Lavalin Group Company Profile
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.
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