SNC-Lavalin Group Inc (TSE:SNC) had its price objective cut by stock analysts at Royal Bank Of Canada from C$63.00 to C$62.00 in a report issued on Friday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 21.33% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. CIBC boosted their target price on shares of SNC-Lavalin Group from C$48.00 to C$55.00 in a research report on Saturday, August 6th. National Bank Financial boosted their target price on shares of SNC-Lavalin Group from C$58.50 to C$63.50 in a research report on Tuesday, July 19th. TD Securities restated a “buy” rating and issued a C$70.00 target price on shares of SNC-Lavalin Group in a research report on Thursday, August 11th. Desjardins set a C$64.00 target price on shares of SNC-Lavalin Group and gave the company a “buy” rating in a research report on Saturday, August 6th. Finally, Canaccord Genuity cut shares of SNC-Lavalin Group from a “buy” rating to a “hold” rating and boosted their target price for the company from C$57.00 to C$58.00 in a research report on Saturday, August 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$61.80.
Shares of SNC-Lavalin Group (TSE:SNC) traded down 0.53% during trading on Friday, reaching $50.83. 69,365 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $55.20 and its 200-day moving average price is $52.13. SNC-Lavalin Group has a 52-week low of $36.47 and a 52-week high of $58.46. The stock has a market cap of $7.63 billion and a PE ratio of 15.75.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, September 1st were given 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.
SNC-Lavalin Group Company Profile
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