SNC-Lavalin Group (TSE:SNC) PT Raised to C$44.00

SNC-Lavalin Group (TSE:SNC) had its target price upped by equities researchers at National Bankshares from C$36.00 to C$44.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 37.63% from the company’s previous close.

Other analysts have also recently issued reports about the stock. ATB Capital boosted their price objective on shares of SNC-Lavalin Group from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Monday. BMO Capital Markets upped their target price on shares of SNC-Lavalin Group from C$28.00 to C$31.00 in a research note on Monday. TD Securities upped their target price on shares of SNC-Lavalin Group from C$31.00 to C$33.00 and gave the company a “buy” rating in a research note on Wednesday, February 10th. Royal Bank of Canada upped their target price on shares of SNC-Lavalin Group from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Cfra set a C$35.00 target price on shares of SNC-Lavalin Group in a research note on Monday. Ten research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$38.19.

Shares of SNC-Lavalin Group stock traded down C$0.20 on Monday, reaching C$31.97. The stock had a trading volume of 772,154 shares, compared to its average volume of 519,573. The business’s 50-day moving average price is C$27.44 and its two-hundred day moving average price is C$24.52. The company has a debt-to-equity ratio of 86.40, a quick ratio of 0.80 and a current ratio of 0.95. SNC-Lavalin Group has a fifty-two week low of C$17.50 and a fifty-two week high of C$33.40. The stock has a market cap of C$5.61 billion and a P/E ratio of -6.78.

SNC-Lavalin Group (TSE:SNC) last issued its quarterly earnings data on Tuesday, March 9th. The company reported C($1.48) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($1.81) by C$0.33. The firm had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.76 billion. As a group, equities analysts forecast that SNC-Lavalin Group will post 2.1099999 earnings per share for the current fiscal year.

In other news, Senior Officer Alexander S. Taylor sold 1,713 shares of the company’s stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of C$29.25, for a total value of C$50,105.25. Following the sale, the insider now owns 1,499 shares of the company’s stock, valued at approximately C$43,845.75.

SNC-Lavalin Group Company Profile

SNC-Lavalin Group Inc operates as an integrated professional services and project management company. It operates through six segments: Engineering, Design, and Project Management (EDPM); Nuclear; Infrastructure Services; Resources; Infrastructure EPC (Engineering, Procurement, and Construction) Projects; and Capital.

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Analyst Recommendations for SNC-Lavalin Group (TSE:SNC)

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