SNC-Lavalin Group (TSE:SNC) Given New C$35.00 Price Target at TD Securities

SNC-Lavalin Group (TSE:SNCGet Rating) had its price target cut by TD Securities from C$37.00 to C$35.00 in a research note published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

SNC has been the subject of several other reports. Raymond James decreased their target price on shares of SNC-Lavalin Group from C$38.00 to C$37.00 and set an outperform rating for the company in a research note on Friday, May 6th. Royal Bank of Canada decreased their target price on shares of SNC-Lavalin Group from C$36.00 to C$35.00 and set an outperform rating for the company in a research note on Friday. CIBC decreased their target price on shares of SNC-Lavalin Group from C$36.00 to C$30.00 in a research note on Wednesday, July 13th. ATB Capital decreased their target price on shares of SNC-Lavalin Group from C$44.00 to C$37.00 and set a buy rating for the company in a research note on Wednesday, May 11th. Finally, BMO Capital Markets decreased their target price on shares of SNC-Lavalin Group from C$31.00 to C$30.00 in a research note on Friday, May 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, SNC-Lavalin Group presently has an average rating of Moderate Buy and an average target price of C$39.62.

SNC-Lavalin Group Price Performance

SNC opened at C$24.30 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 76.20. SNC-Lavalin Group has a 52-week low of C$21.27 and a 52-week high of C$38.25. The company has a 50 day moving average of C$23.39 and a two-hundred day moving average of C$26.73. The company has a market cap of C$4.27 billion and a P/E ratio of 75.94.

SNC-Lavalin Group (TSE:SNCGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.35 by C($0.13). The business had revenue of C$1.89 billion for the quarter, compared to the consensus estimate of C$1.81 billion. On average, analysts expect that SNC-Lavalin Group will post 1.87 earnings per share for the current year.

SNC-Lavalin Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.33%. SNC-Lavalin Group’s dividend payout ratio (DPR) is 25.00%.

About SNC-Lavalin Group

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SNC-Lavalin Group Inc operates as an integrated professional services and project management company. It operates through Engineering, Design, and Project Management (EDPM); Nuclear; Infrastructure Services; Resources; Infrastructure EPC (Engineering, Procurement, and Construction) Projects; and Capital segments.

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