SNC-Lavalin Group Inc (SNC) Given New C$66.00 Price Target at TD Securities

SNC-Lavalin Group Inc (TSE:SNC) had its price target decreased by stock analysts at TD Securities from C$70.00 to C$66.00 in a report released on Friday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 29.16% from the company’s previous close.

SNC has been the topic of a number of other reports. CIBC upgraded SNC-Lavalin Group from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$55.00 to C$63.00 in a research note on Thursday, September 15th. National Bank Financial upped their price target on SNC-Lavalin Group from C$58.50 to C$63.50 in a research note on Tuesday, July 19th. AltaCorp Capital cut SNC-Lavalin Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 5th. Scotiabank upped their price target on SNC-Lavalin Group from C$52.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, Desjardins set a C$64.00 price target on SNC-Lavalin Group and gave the stock a “buy” rating in a research note on Saturday, August 6th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$61.20.

Analyst Recommendations for SNC-Lavalin Group (TSE:SNC)

SNC-Lavalin Group (TSE:SNC) traded up 1.243% during midday trading on Friday, reaching $51.735. The company’s stock had a trading volume of 406,494 shares. The firm has a 50 day moving average price of $55.20 and a 200-day moving average price of $52.13. SNC-Lavalin Group has a 12-month low of $36.47 and a 12-month high of $58.46. The company has a market cap of $7.77 billion and a P/E ratio of 16.032.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, September 1st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, August 16th.

About SNC-Lavalin Group

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