Snc-Lavalin Group Inc (SNC) PT Raised to C$68.00

Snc-Lavalin Group Inc (TSE:SNC) had its price objective hoisted by BMO Capital Markets from C$67.00 to C$68.00 in a research report issued on Friday. BMO Capital Markets’ price target would indicate a potential upside of 15.71% from the stock’s current price.

SNC has been the subject of several other research reports. AltaCorp Capital reiterated a “sector perform” rating on shares of Snc-Lavalin Group in a research report 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 report on Monday, October 16th. CIBC set a C$67.00 price objective on shares of Snc-Lavalin Group and gave the company an “outperform” rating in a research report on Monday, July 10th. 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 report on Friday, August 4th. Finally, Desjardins increased their price objective on shares of Snc-Lavalin Group from C$69.00 to C$72.00 in a research report on Friday. 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’s stock. Snc-Lavalin Group currently has a consensus rating of “Buy” and an average price target of C$70.33.

Shares of Snc-Lavalin Group (SNC) traded up C$1.22 during trading hours on Friday, hitting C$58.77. 225,901 shares of the company were exchanged.

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In related news, Director Jean Raby purchased 500 shares of Snc-Lavalin Group stock in a transaction that occurred on Friday, August 11th. The shares were bought 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 Snc-Lavalin Group stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average cost of C$52.75 per share, for a total transaction of C$105,500.00.

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