The stock of Snc-Lavalin Group Inc (TSE:SNC) hit a new 52-week high and has $61.24 target or 5.00% above today’s $58.32 share price. The 5 months bullish chart indicates low risk for the $8.88B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $61.24 price target is reached, the company will be worth $444.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 227,444 shares traded hands. Snc-Lavalin Group Inc (TSE:SNC) has risen 19.28% since April 27, 2016 and is uptrending. It has outperformed by 13.35% the S&P500.
Snc-Lavalin Group Inc (TSE:SNC) Ratings Coverage
Out of 6 analysts covering SNC-Lavalin Group (TSE:SNC), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $70 is the highest target while $46 is the lowest. The $56 average target is -3.98% below today’s ($58.32) stock price. SNC-Lavalin Group has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 8 report. The firm has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The rating was maintained by Scotia Capital with “” on Tuesday, September 15. TD Securities maintained Snc-Lavalin Group Inc (TSE:SNC) on Friday, August 7 with “Hold” rating. The stock of Snc-Lavalin Group Inc (TSE:SNC) earned “Outperform” rating by Scotia Capital on Friday, October 7. TD Securities maintained it with “Buy” rating and $70 target price in Thursday, August 11 report. The stock of Snc-Lavalin Group Inc (TSE:SNC) has “Outperform” rating given on Friday, September 16 by IBC. The firm has “Outperform” rating by Scotia Capital given on Friday, August 7. The company was maintained on Friday, November 4 by TD Securities.
More news for Snc-Lavalin Group Inc (TSE:SNC) were recently published by: Business.Financialpost.com, which released: “SNC Lavalin Group Inc upgraded as corruption overhang passes” on September 15, 2016. Forbes.com‘s article titled: “SNC-Lavalin Group Enters Oversold Territory (SNC)” and published on September 13, 2016 is yet another important article.
Snc-Lavalin Group Inc is a Canada-based engineering and construction company. The company has a market cap of $8.88 billion.
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