SNC-Lavalin Group Inc. (TSE:SNC) Receives Average Rating of “Buy” from Brokerages

SNC-Lavalin Group Inc. (TSE:SNC – Get Rating) has been given an average recommendation of “Buy” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$41.38.

SNC has been the subject of a number of research reports. Scotiabank lowered their price target on shares of SNC-Lavalin Group from C$50.00 to C$48.00 in a report on Friday, March 4th. TD Securities dropped their target price on SNC-Lavalin Group from C$42.00 to C$41.00 and set a “buy” rating for the company in a research report on Friday, March 4th. Royal Bank of Canada lowered their price objective on SNC-Lavalin Group from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Raymond James cut their target price on shares of SNC-Lavalin Group from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, March 4th. Finally, Canaccord Genuity Group lowered their target price on shares of SNC-Lavalin Group from C$47.00 to C$45.00 in a report on Monday, February 14th.

In other news, Director Ian L. Edwards sold 4,295 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of C$30.43, for a total transaction of C$130,683.97. Following the completion of the transaction, the director now directly owns 3,760 shares of the company’s stock, valued at approximately C$114,405.52. Also, Senior Officer Alan James Cullens sold 1,582 shares of the business’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of C$30.43, for a total transaction of C$48,135.51. Following the completion of the sale, the insider now directly owns 5,144 shares in the company, valued at approximately C$156,516.49.

TSE SNC traded up C$0.04 during trading hours on Tuesday, reaching C$28.20. 201,497 shares of the company’s stock were exchanged, compared to its average volume of 487,969. The firm has a fifty day moving average of C$29.64 and a 200-day moving average of C$30.59. SNC-Lavalin Group has a one year low of C$24.70 and a one year high of C$38.25. The stock has a market cap of C$4.95 billion and a PE ratio of 7.45. The company has a current ratio of 0.92, a quick ratio of 0.77 and a debt-to-equity ratio of 72.20.

SNC-Lavalin Group (TSE:SNC – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.25). The company had revenue of C$1.94 billion for the quarter, compared to analyst estimates of C$1.83 billion. As a group, research analysts forecast that SNC-Lavalin Group will post 2.0500001 EPS for the current year.

SNC-Lavalin Group Company Profile (Get Rating)

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

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