Snc-Lavalin Group Inc (SNC) Receives C$69.75 Average Price Target from Brokerages

Shares of Snc-Lavalin Group Inc (TSE:SNC) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$70.33.

Several equities research analysts have recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a C$67.00 price objective on shares of Snc-Lavalin Group in a research note on Friday, August 4th. AltaCorp Capital reiterated a “sector perform” rating on shares of Snc-Lavalin Group in a research note on Tuesday, August 8th. Scotiabank reiterated an “outperform” rating and set a C$70.00 price objective on shares of Snc-Lavalin Group in a research note on Monday, October 16th. CIBC set a C$67.00 price objective on shares of Snc-Lavalin Group and gave the stock an “outperform” rating in a research note on Monday, July 10th. Finally, National Bank Financial lowered their price objective on shares of Snc-Lavalin Group from C$70.00 to C$69.00 and set an “outperform” rating for the company in a research note on Friday, August 4th.

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Snc-Lavalin Group (TSE SNC) traded up C$1.43 during trading hours on Wednesday, hitting C$58.98. The company’s stock had a trading volume of 350,900 shares.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be issued a $0.273 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.09 dividend on an annualized basis and a yield of 1.85%.

In related news, Director Jean Raby bought 500 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of C$52.99 per share, with a total value of C$26,495.00. Also, Director Jacques Bougie purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of C$52.75 per share, for a total transaction of C$105,500.00.

Snc-Lavalin Group Company Profile

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

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