Snc-Lavalin Group (SNC) Price Target Raised to C$73.50

Snc-Lavalin Group (TSE:SNC) had its target price lifted by National Bank Financial from C$69.00 to C$73.50 in a research note published on Wednesday morning. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Snc-Lavalin Group’s FY2019 earnings at $2.81 EPS.

Several other research firms have also issued reports on SNC. Royal Bank of Canada initiated coverage on Snc-Lavalin Group in a research report on Monday, October 23rd. They issued an outperform rating and a C$67.00 price target on the stock. Scotiabank restated an outperform rating and issued a C$70.00 price target on shares of Snc-Lavalin Group in a research report on Tuesday, October 31st. BMO Capital Markets raised their price target on Snc-Lavalin Group from C$67.00 to C$68.00 in a research report on Friday, November 3rd. Canaccord Genuity raised their price target on Snc-Lavalin Group from C$76.00 to C$77.00 in a research report on Tuesday, October 31st. Finally, Desjardins raised their price target on Snc-Lavalin Group from C$69.00 to C$72.00 in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of C$71.22.

Snc-Lavalin Group (SNC) opened at C$56.53 on Wednesday. Snc-Lavalin Group has a 12-month low of C$50.28 and a 12-month high of C$59.38. The stock has a market capitalization of $9,920.00, a price-to-earnings ratio of 26.92 and a beta of 0.71.

In other Snc-Lavalin Group news, Director Benita Marie Warmbold acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of C$56.79 per share, with a total value of C$170,370.00.

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Snc-Lavalin Group Company Profile

SNC-Lavalin Group Inc provides engineering and construction, and operations and maintenance services worldwide. The company operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

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

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