Snc-Lavalin Group (SNC) Price Target Increased to C$73.50 by Analysts at Scotiabank

Snc-Lavalin Group (TSE:SNC) had its price objective increased by Scotiabank from C$70.00 to C$73.50 in a research note published on Wednesday. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on SNC. Royal Bank of Canada initiated coverage on Snc-Lavalin Group in a report on Monday, October 23rd. They set an outperform rating and a C$67.00 target price for the company. Canaccord Genuity increased their target price on Snc-Lavalin Group from C$76.00 to C$77.00 in a report on Tuesday, October 31st. Desjardins increased their target price on Snc-Lavalin Group from C$69.00 to C$72.00 in a report on Friday, November 3rd. Finally, BMO Capital Markets increased their target price on Snc-Lavalin Group from C$67.00 to C$68.00 in a report on Friday, November 3rd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$70.72.

Snc-Lavalin Group (TSE SNC) traded up C$1.26 during mid-day trading on Wednesday, reaching C$58.00. The company’s stock had a trading volume of 356,444 shares, compared to its average volume of 357,821. Snc-Lavalin Group has a 52-week low of C$50.28 and a 52-week high of C$59.63.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th were issued a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 15th. Snc-Lavalin Group’s payout ratio is 51.38%.

In related news, Director Benita Marie Warmbold acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was bought 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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