Snc-Lavalin Group (SNC) Given New C$68.00 Price Target at CIBC

Snc-Lavalin Group (TSE:SNC) had its price objective hoisted by CIBC from C$65.00 to C$68.00 in a report issued on Tuesday. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on SNC. Scotiabank restated an outperform rating and set a C$70.00 target price on shares of Snc-Lavalin Group in a report on Monday, October 16th. Royal Bank of Canada started coverage on shares of Snc-Lavalin Group in a report on Monday, October 23rd. They set an outperform rating and a C$67.00 target price on the stock. Canaccord Genuity boosted their target price on shares of Snc-Lavalin Group from C$76.00 to C$77.00 in a report on Tuesday, October 31st. Desjardins boosted their target price on shares of Snc-Lavalin Group from C$69.00 to C$72.00 in a report on Friday, November 3rd. Finally, BMO Capital Markets boosted their target price on shares of Snc-Lavalin Group from C$67.00 to C$68.00 in a report on Friday, November 3rd. 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 an average target price of C$71.33.

Snc-Lavalin Group (TSE:SNC) traded up C$0.38 during trading hours on Tuesday, reaching C$57.05. 339,770 shares of the company traded hands, compared to its average volume of 238,589. The company has a market capitalization of $10,020.00, a PE ratio of 27.17 and a beta of 0.71. Snc-Lavalin Group has a twelve month low of C$50.28 and a twelve month high of C$59.38.

Snc-Lavalin Group (TSE:SNC) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate of C$0.58 by C$0.20. Snc-Lavalin Group had a net margin of 3.84% and a return on equity of 9.12%.

In other Snc-Lavalin Group news, Director Benita Marie Warmbold bought 3,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of C$56.79 per share, for a total transaction of C$170,370.00.

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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 company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

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

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