SNC-Lavalin Group (TSE:SNC) Stock Price Passes Above Two Hundred Day Moving Average of $38.74

SNC-Lavalin Group Inc. (TSE:SNC) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$38.74 and traded as high as C$44.80. SNC-Lavalin Group shares last traded at C$43.74, with a volume of 399,748 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SNC shares. CIBC raised their price objective on SNC-Lavalin Group from C$44.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. BMO Capital Markets raised their target price on SNC-Lavalin Group from C$37.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. TD Securities raised their target price on SNC-Lavalin Group from C$45.00 to C$52.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. National Bankshares raised their target price on SNC-Lavalin Group from C$39.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Royal Bank of Canada raised their target price on SNC-Lavalin Group from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.00.

SNC-Lavalin Group Trading Up 2.1 %

The company has a fifty day simple moving average of C$42.30 and a two-hundred day simple moving average of C$38.74. The company has a debt-to-equity ratio of 95.03, a current ratio of 0.85 and a quick ratio of 0.72. The company has a market capitalization of C$7.68 billion, a P/E ratio of 93.06, a price-to-earnings-growth ratio of 0.59 and a beta of 1.34.

About SNC-Lavalin Group

SNC-Lavalin Group Inc operates as an integrated professional services and project management company. It operates through six segments: Engineering Services, Nuclear, O&M, Linxon, LSTK Projects, and Capital. The Engineering Services segment provides consultancy, engineering, design, and project management services for the transportation, building and places, defense, water, industrial and mining, and power and renewables sectors.