Quantcast
Viewing all articles
Browse latest Browse all 192699

SNC-Lavalin Group (TSE:SNC) Hits New 52-Week High on Analyst Upgrade

Image may be NSFW.
Clik here to view.
SNC-Lavalin Group logo
SNC-Lavalin Group Inc. (TSE:SNC) reached a new 52-week high on Monday after National Bank Financial raised their price target on the stock to C$44.00. National Bank Financial currently has an outperform rating on the stock. SNC-Lavalin Group traded as high as C$33.33 and last traded at C$33.22, with a volume of 247411 shares trading hands. The stock had previously closed at C$27.74.

SNC has been the subject of several other research reports. National Bankshares increased their target price on shares of SNC-Lavalin Group from C$36.00 to C$44.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank raised their price target on shares of SNC-Lavalin Group from C$39.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of SNC-Lavalin Group from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Monday. TD Securities raised their price target on shares of SNC-Lavalin Group from C$33.00 to C$40.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Cfra set a C$35.00 price target on shares of SNC-Lavalin Group and gave the stock a “na” rating in a research note on Monday. Ten equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$39.00.

In other news, Senior Officer Alexander S. Taylor sold 1,713 shares of the firm’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of C$29.25, for a total transaction of C$50,105.25. Following the completion of the sale, the insider now owns 1,499 shares of the company’s stock, valued at C$43,845.75.

The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 86.40. The firm has a market cap of C$5.75 billion and a price-to-earnings ratio of -6.95. The business’s fifty day moving average is C$27.86 and its two-hundred day moving average is C$24.76.

SNC-Lavalin Group (TSE:SNC) last issued its quarterly earnings results on Tuesday, March 9th. The company reported C($1.48) earnings per share for the quarter, beating analysts’ consensus estimates of C($1.81) by C$0.33. The company had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.76 billion. Research analysts forecast that SNC-Lavalin Group Inc. will post 2.1099999 EPS for the current year.

About SNC-Lavalin Group (TSE:SNC)

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

Featured Story: Why are percentage decliners important?


Viewing all articles
Browse latest Browse all 192699

Trending Articles