SNC-Lavalin Group Inc (TSE:SNC) had its price target reduced by equities researchers at Raymond James Financial Inc. from C$65.00 to C$63.00 in a research note issued on Friday. Raymond James Financial Inc.’s target price would indicate a potential upside of 23.29% from the company’s previous close.
SNC has been the subject of several other research reports. CIBC upgraded SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$55.00 to C$63.00 in a research note on Thursday, September 15th. TD Securities lifted their price target on SNC-Lavalin Group from C$56.00 to C$63.00 and gave the company a “buy” rating in a research report on Monday, June 6th. National Bank Financial lifted their price target on SNC-Lavalin Group from C$58.50 to C$63.50 in a research report on Tuesday, July 19th. AltaCorp Capital downgraded SNC-Lavalin Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 5th. Finally, Scotiabank lifted their price target on SNC-Lavalin Group from C$52.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$61.20.
SNC-Lavalin Group (TSE:SNC) traded up 1.243% during midday trading on Friday, hitting $51.735. 406,494 shares of the stock traded hands. The company has a 50-day moving average of $55.20 and a 200-day moving average of $52.13. SNC-Lavalin Group has a 1-year low of $36.47 and a 1-year high of $58.46. The stock has a market cap of $7.77 billion and a PE ratio of 16.032.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, September 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.04%.
SNC-Lavalin Group Company Profile
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