Snc-Lavalin Group Inc Forecasted to Earn FY2019 Earnings of $2.81 Per Share (SNC)

Snc-Lavalin Group Inc (TSE:SNC) – Equities researchers at National Bank Financial issued their FY2019 EPS estimates for Snc-Lavalin Group in a report issued on Tuesday. National Bank Financial analyst M. Sytchev forecasts that the company will earn $2.81 per share for the year. National Bank Financial has a “Outperform” rating and a $73.50 price objective on the stock.

Several other brokerages have also issued reports on SNC. Royal Bank of Canada lifted their price target on Snc-Lavalin Group from C$67.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. BMO Capital Markets lifted their price target on Snc-Lavalin Group from C$67.00 to C$68.00 in a research note on Friday, November 3rd. Desjardins lifted their price target on Snc-Lavalin Group from C$69.00 to C$72.00 in a research note on Friday, November 3rd. Scotiabank reaffirmed an “outperform” rating and set a C$70.00 price target on shares of Snc-Lavalin Group in a research note on Tuesday, October 31st. Finally, Canaccord Genuity lifted their price target on Snc-Lavalin Group from C$76.00 to C$77.00 in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$71.22.

Shares of Snc-Lavalin Group (TSE SNC) traded down C$0.12 during mid-day trading on Thursday, reaching C$56.53. The company’s stock had a trading volume of 209,126 shares, compared to its average volume of 309,860. Snc-Lavalin Group has a 52-week low of C$50.28 and a 52-week high of C$59.38. The company has a market capitalization of $9,920.00, a price-to-earnings ratio of 26.92 and a beta of 0.71.

In related news, Director Benita Marie Warmbold bought 3,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of C$56.79 per share, with a total value of C$170,370.00.

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About Snc-Lavalin Group

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

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