Snc-Lavalin Group (TSE:SNC) Stock Price Crosses Above Two Hundred Day Moving Average of $22.52

Snc-Lavalin Group Inc (TSE:SNC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.52 and traded as high as $31.99. Snc-Lavalin Group shares last traded at $31.65, with a volume of 332,273 shares changing hands.

Several research firms recently weighed in on SNC. National Bank Financial raised their target price on shares of Snc-Lavalin Group from C$37.50 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Desjardins raised shares of Snc-Lavalin Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. TD Securities raised their target price on shares of Snc-Lavalin Group from C$31.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Raymond James set a C$26.00 target price on shares of Snc-Lavalin Group and gave the company a “market perform” rating in a research note on Tuesday, December 17th. Finally, Canaccord Genuity raised their target price on shares of Snc-Lavalin Group from C$42.00 to C$43.00 in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$35.00.

The company has a debt-to-equity ratio of 69.33, a current ratio of 1.21 and a quick ratio of 1.10. The firm’s 50 day moving average is C$28.21 and its two-hundred day moving average is C$22.52. The firm has a market capitalization of $5.62 billion and a P/E ratio of -5.68.

Snc-Lavalin Group (TSE:SNC) last released its earnings results on Thursday, October 31st. The company reported C$1.24 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$1.04. The firm had revenue of C$2.43 billion during the quarter, compared to the consensus estimate of C$2.31 billion. Analysts anticipate that Snc-Lavalin Group Inc will post 1.8670344 EPS for the current fiscal year.

Snc-Lavalin Group Company Profile (TSE:SNC)

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.

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