Snc-Lavalin Group (TSE:SNC) Shares Pass Above 200-Day Moving Average of $26.41

Snc-Lavalin Group Inc (TSE:SNC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.41 and traded as high as $20.24. Snc-Lavalin Group shares last traded at $20.09, with a volume of 496,315 shares traded.

A number of analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Snc-Lavalin Group from C$34.00 to C$32.00 in a research report on Friday, August 2nd. Raymond James lowered their price objective on Snc-Lavalin Group from C$32.00 to C$25.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. National Bank Financial lowered their price target on Snc-Lavalin Group from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Desjardins lowered their price target on Snc-Lavalin Group from C$37.00 to C$34.00 in a research report on Friday, August 2nd. Finally, BMO Capital Markets lowered their price target on Snc-Lavalin Group from C$28.00 to C$26.00 in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$29.63.

The stock has a 50-day simple moving average of C$17.50 and a 200 day simple moving average of C$26.41. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 455.13. The company has a market cap of $3.55 billion and a price-to-earnings ratio of -1.00.

Snc-Lavalin Group (TSE:SNC) last issued its quarterly earnings results on Thursday, August 1st. The company reported C($1.34) EPS for the quarter, missing the Zacks’ consensus estimate of C($1.33) by C($0.01). The business had revenue of C$2.28 billion during the quarter, compared to the consensus estimate of C$2.65 billion. As a group, research analysts forecast that Snc-Lavalin Group Inc will post 1.8300001 EPS for the current fiscal year.

Snc-Lavalin Group Company Profile (TSE:SNC)

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.

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