Snc-Lavalin Group Inc (SNC) Given “Outperform” Rating at Scotiabank

Scotiabank reiterated their outperform rating on shares of Snc-Lavalin Group Inc (TSE:SNC) in a research report sent to investors on Tuesday morning. Scotiabank currently has a C$70.00 price objective on the stock.

A number of other research firms also recently weighed in on SNC. Royal Bank Of Canada initiated coverage on Snc-Lavalin Group in a research report on Monday, October 23rd. They set an outperform rating and a C$67.00 target price for the company. Canaccord Genuity boosted their target price on Snc-Lavalin Group from C$64.00 to C$76.00 and gave the stock a buy rating in a research report on Tuesday, July 4th. Raymond James Financial, Inc. upped their price objective on Snc-Lavalin Group from C$66.00 to C$68.00 and gave the company an outperform rating in a report on Tuesday, August 8th. National Bank Financial dropped their price objective on Snc-Lavalin Group from C$70.00 to C$69.00 and set an outperform rating for the company in a report on Friday, August 4th. Finally, CIBC set a C$67.00 price objective on Snc-Lavalin Group and gave the company an outperform rating in a report on Monday, July 10th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$69.22.

Shares of Snc-Lavalin Group (TSE SNC) traded down 0.67% on Tuesday, reaching $57.73. The company had a trading volume of 380,202 shares. The firm has a market cap of $10.13 billion and a P/E ratio of 32.04. Snc-Lavalin Group has a one year low of $50.28 and a one year high of $59.63. The company has a 50-day moving average price of $56.60 and a 200-day moving average price of $54.66.

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In other Snc-Lavalin Group news, Director Jean Raby bought 500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of C$52.99 per share, with a total value of C$26,495.00. Also, Director Jacques Bougie bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of C$52.75 per share, with a total value of C$105,500.00.

Snc-Lavalin Group Company Profile

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