Raymond James Financial, Inc. Increases Snc-Lavalin Group Inc (SNC) Price Target to C$68.00
Snc-Lavalin Group Inc (TSE:SNC) had its price objective raised by Raymond James Financial, Inc. from C$66.00 to C$68.00 in a research report report published on Tuesday. The brokerage currently has an outperform rating on the stock.
SNC has been the topic of a number of other research reports. TD Securities reaffirmed an action list buy rating and issued a C$73.00 target price on shares of Snc-Lavalin Group in a research report on Friday, May 5th. BMO Capital Markets reaffirmed an outperform rating and issued a C$67.00 target price on shares of Snc-Lavalin Group in a research report on Friday, August 4th. Scotiabank lifted their target price on Snc-Lavalin Group from C$68.00 to C$70.00 and gave the company an outperform rating in a research report on Friday, August 4th. CIBC set a C$67.00 price target on Snc-Lavalin Group and gave the stock an outperform rating in a research report on Monday, July 10th. Finally, National Bank Financial lowered their price target on Snc-Lavalin Group from C$70.00 to C$69.00 and set an outperform rating on the stock in a research report on Friday, August 4th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Snc-Lavalin Group presently has a consensus rating of Buy and a consensus price target of C$68.44.
Shares of Snc-Lavalin Group (TSE SNC) traded up 0.36% during midday trading on Tuesday, hitting $53.27. The stock had a trading volume of 107,252 shares. The firm has a market capitalization of $8.01 billion and a PE ratio of 35.87. The firm’s 50-day moving average price is $55.75 and its 200-day moving average price is $54.58. Snc-Lavalin Group has a one year low of $50.27 and a one year high of $59.63.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders 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 yield of 2.06%. The ex-dividend date is Tuesday, August 15th.
In other news, insider Chantal Sorel sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of C$53.42, for a total transaction of C$64,104.00. Also, insider Hartland Paterson acquired 2,000 shares of Snc-Lavalin Group stock in a transaction dated 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.
About Snc-Lavalin Group
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