SNC-Lavalin Group (TSE:SNC) Stock Price Crosses Above 200-Day Moving Average of $28.54

Shares of SNC-Lavalin Group Inc. (TSE:SNC – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.54 and traded as high as C$33.89. SNC-Lavalin Group shares last traded at C$33.47, with a volume of 92,104 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SNC. TD Securities upped their price objective on SNC-Lavalin Group from C$34.00 to C$38.00 and gave the company a “buy” rating in a research note on Monday, March 6th. BMO Capital Markets upped their price objective on SNC-Lavalin Group from C$30.00 to C$33.00 in a research note on Monday, April 3rd. Raymond James upped their price objective on SNC-Lavalin Group from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Monday, March 6th. ATB Capital upped their price objective on SNC-Lavalin Group from C$37.00 to C$38.00 in a research note on Friday, April 14th. Finally, CIBC upped their price objective on SNC-Lavalin Group from C$30.00 to C$31.00 and gave the company a “neutral” rating in a research note on Monday, March 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, SNC-Lavalin Group has a consensus rating of “Moderate Buy” and a consensus price target of C$36.88.

SNC-Lavalin Group Stock Performance

The firm has a fifty day simple moving average of C$32.22 and a 200-day simple moving average of C$28.54. The company has a current ratio of 0.85, a quick ratio of 0.72 and a debt-to-equity ratio of 86.58. The stock has a market cap of C$5.88 billion, a price-to-earnings ratio of 371.89, a P/E/G ratio of 0.59 and a beta of 1.41.

SNC-Lavalin Group (TSE:SNC – Get Rating) last posted its quarterly earnings data on Friday, March 3rd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.33 by C($0.31). The business had revenue of C$1.90 billion during the quarter, compared to analysts’ expectations of C$1.93 billion. Analysts forecast that SNC-Lavalin Group Inc. will post 1.6376008 EPS for the current fiscal year.

SNC-Lavalin Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Friday, May 19th. SNC-Lavalin Group’s dividend payout ratio is 88.89%.

SNC-Lavalin Group Company Profile

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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.