Snc-Lavalin Group Inc (SNC) Receives Consensus Rating of “Buy” from Analysts

Shares of Snc-Lavalin Group Inc (TSE:SNC) have earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$71.11.

Several analysts recently issued reports on SNC shares. BMO Capital Markets increased their price target on shares of Snc-Lavalin Group from C$68.00 to C$70.00 in a research report on Friday, February 23rd. Canaccord Genuity reduced their price target on shares of Snc-Lavalin Group from C$77.00 to C$73.00 in a research report on Friday, February 23rd. Raymond James Financial increased their price target on shares of Snc-Lavalin Group from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, March 5th. AltaCorp Capital upgraded shares of Snc-Lavalin Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada increased their price target on shares of Snc-Lavalin Group from C$69.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd.

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Shares of TSE:SNC traded up C$0.40 on Friday, reaching C$56.57. 353,100 shares of the company’s stock were exchanged, compared to its average volume of 403,358. Snc-Lavalin Group has a twelve month low of C$50.28 and a twelve month high of C$59.38.

Snc-Lavalin Group (TSE:SNC) last announced its earnings results on Thursday, February 22nd. The company reported C$0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.72 by C$0.26. Snc-Lavalin Group had a net margin of 1.80% and a return on equity of 4.07%. The firm had revenue of C$2.92 billion for the quarter, compared to analyst estimates of C$3.01 billion.

In other news, Director Jean Raby purchased 1,000 shares of Snc-Lavalin Group stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average price of C$55.88 per share, for a total transaction of C$55,880.00.

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Snc-Lavalin Group Company Profile

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, Atkins, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

Analyst Recommendations for Snc-Lavalin Group (TSE:SNC)

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