Brokerages Set SNC-Lavalin Group Inc. (SNC) Price Target at $70.33

Shares of SNC-Lavalin Group Inc. (TSE:SNC) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$70.33.

Several research analysts have issued reports on SNC shares. Royal Bank Of Canada started coverage on SNC-Lavalin Group in a research note on Monday, October 23rd. They set an “outperform” rating and a C$67.00 price objective for the company. Scotiabank restated an “outperform” rating and issued a C$70.00 target price on shares of SNC-Lavalin Group in a research note on Tuesday, October 31st. BMO Capital Markets raised their target price on SNC-Lavalin Group from C$67.00 to C$68.00 in a research note on Friday, November 3rd. Raymond James Financial raised their target price on SNC-Lavalin Group from C$66.00 to C$68.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Finally, Canaccord Genuity raised their target price on SNC-Lavalin Group from C$76.00 to C$77.00 in a research note on Tuesday, October 31st.

SNC-Lavalin Group (TSE SNC) traded up C$0.28 during trading on Friday, reaching C$56.02. The company’s stock had a trading volume of 190,757 shares, compared to its average volume of 355,522. SNC-Lavalin Group has a 1 year low of C$50.28 and a 1 year high of C$59.63.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be paid a $0.273 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.95%. SNC-Lavalin Group’s dividend payout ratio (DPR) is presently 51.38%.

In other news, Director Benita Marie Warmbold acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of C$56.79 per share, for a total transaction of C$170,370.00.

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SNC-Lavalin Group Company Profile

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

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