AltaCorp Capital Reaffirms Sector Perform Rating for Snc-Lavalin Group Inc (SNC)

AltaCorp Capital reaffirmed their sector perform rating on shares of Snc-Lavalin Group Inc (TSE:SNC) in a report released on Tuesday, August 8th.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial, Inc. upped their price objective on shares of Snc-Lavalin Group from C$66.00 to C$68.00 and gave the stock an outperform rating in a report on Tuesday, August 8th. National Bank Financial cut their price objective on shares of Snc-Lavalin Group from C$70.00 to C$69.00 and set an outperform rating on the stock in a report on Friday, August 4th. Scotiabank restated an outperform rating and issued a C$68.00 price objective on shares of Snc-Lavalin Group in a report on Tuesday, July 4th. BMO Capital Markets restated an outperform rating and issued a C$67.00 price objective on shares of Snc-Lavalin Group in a report on Friday, August 4th. Finally, CIBC set a C$67.00 price objective on shares of Snc-Lavalin Group and gave the stock an outperform rating in a report on Monday, July 10th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$68.44.

Snc-Lavalin Group (TSE:SNC) traded down 0.83% during trading on Tuesday, hitting $51.57. 298,134 shares of the stock were exchanged. The stock has a market cap of $9.05 billion and a P/E ratio of 28.62. The stock has a 50 day moving average of $55.22 and a 200-day moving average of $54.30. Snc-Lavalin Group has a 52 week low of $50.27 and a 52 week high of $59.63.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be given a dividend of $0.273 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.09 dividend on an annualized basis and a yield of 2.12%.

In other Snc-Lavalin Group news, Director Jean Raby purchased 500 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of C$52.99 per share, for a total transaction of C$26,495.00. Also, insider Hartland Paterson purchased 2,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was acquired at an average price of C$52.50 per share, for a total transaction of C$105,000.00.

Snc-Lavalin Group Company Profile

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