SNC-Lavalin Group (TSE:SNC) Share Price Crosses Above 200 Day Moving Average of $26.25

SNC-Lavalin Group Inc. (TSE:SNCGet Rating)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.25 and traded as high as C$27.44. SNC-Lavalin Group shares last traded at C$27.30, with a volume of 166,126 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SNC shares. Scotiabank cut their price objective on shares of SNC-Lavalin Group from C$45.00 to C$43.00 in a report on Friday, August 5th. Desjardins reissued a “buy” rating on shares of SNC-Lavalin Group in a research note on Wednesday, August 10th. CIBC decreased their price objective on SNC-Lavalin Group from C$36.00 to C$30.00 in a research note on Wednesday, July 13th. TD Securities cut their target price on SNC-Lavalin Group from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Finally, Royal Bank of Canada decreased their target price on SNC-Lavalin Group from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$39.62.

SNC-Lavalin Group Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.72 and a debt-to-equity ratio of 82.73. The company has a fifty day moving average price of C$24.72 and a two-hundred day moving average price of C$26.25. The firm has a market cap of C$4.79 billion and a P/E ratio of 160.59.

SNC-Lavalin Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Wednesday, August 17th. SNC-Lavalin Group’s dividend payout ratio (DPR) is presently 47.06%.

Insider Transactions at SNC-Lavalin Group

In related news, Director William Young bought 22,800 shares of SNC-Lavalin Group stock in a transaction that occurred on Monday, August 15th. The stock was purchased at an average cost of C$27.48 per share, with a total value of C$626,475.60. Following the purchase, the director now owns 35,800 shares in the company, valued at C$983,676.60.

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.

Further Reading

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