|Bid||32.52 x 0|
|Ask||32.60 x 0|
|Day's Range||32.52 - 33.26|
|52 Week Range||15.47 - 37.75|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 27, 2020|
|Forward Dividend & Yield||0.08 (0.25%)|
|Ex-Dividend Date||Nov. 12, 2019|
|1y Target Est||36.33|
MONTREAL , Feb. 18, 2020 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce its wholly-owned subsidiary, Candu Energy Inc., is one of the successful suppliers who have been awarded two, five-year ...
You should buy and hold SNC Lavalin Group Inc (TSX:SNC) for at least one year to earn alpha-level returns on Canada's Toronto Stock Exchange in 2020.
MONTREAL — SNC-Lavalin has named Jeff Bell as its next chief financial officer as part of the company's ongoing renewal process.Bell, a former group chief financial officer for British energy services firm Centrica, will join SNC as executive vice-president on Tuesday and take over as chief financial officer from current chief financial officer Sylvain Girard on April 14.The hiring of Bell follows the recent appointment of Charlene Ripley as executive vice-president and general counsel and Louis Veronneau as chief transformation officer.In December, SNC-Lavalin was fined $280 million after its construction division pleaded guilty to fraud for actions taken in Libya between 2001 and 2011.The company announced last week the nomination of three new members to its board of directors is part of its renewal process, while four current board members of SNC's board will not be standing for re-election.Newcomers Gary Baughman, Chris Clark and Mike Pederson will stand for election at the company's annual meeting on May 7.This report by The Canadian Press was first published Feb. 10, 2020.Companies in this story: (TSX:SNC) The Canadian Press
MONTREAL , Feb. 10, 2020 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) today announced the appointment of Jeff Bell as Chief Financial Officer (CFO), effective April 14 , as part of an ongoing renewal process ...
MONTREAL — A Quebec oversight body has blacklisted four subsidiaries of SNC-Lavalin Group Inc. from bidding on public contracts in the province for five years.The ban by the Autorite des marches publics was triggered after the engineering giant's construction subsidiary pleaded guilty in December to one count of fraud in connection with business dealings in Libya.The plea deal with federal prosecutors included a $280-million fine and capped off a scandal that tarnished the Montreal-based company's reputation and ensnared the highest office of the Canadian government. It also freed SNC-Lavalin from the damaging prospect of a ban on federal contract bidding.Under Quebec's Anti-Corruption Act, however, a fraud conviction automatically results in a five-year banishment from bids in the public realm.SNC-Lavalin suggested the company's shift away from large construction contracts toward its engineering roots minimizes the potential damage of a bidding ban."While it is possible that the guilty plea by the subsidiary may present risks in the near-term, the company believes these risks will be manageable and does not anticipate that the plea will have any long-term material adverse impact on the company's overall business," spokesman Nicolas Ryan said in an email.Barred from public procurement bids until January 2025, the four subsidiaries are SNC-Lavalin Exploitation as well as SNC's Quebec, Ontario and Atlantic construction divisions.Analyst Mona Nazir of Laurentian Bank Securities suggested the ban will barely make a dent on profits."There is no impact to the company as the entities have not been used since 2015. SNC can bid and win contracts via its other entities," she said in an email.Karl Moore, an associate professor at McGill University's business school, called the sanction "unfortunate" nonetheless."Their competitors around the world will go to customers and say that even their own province doesn’t trust them," Moore said in a phone interview. "I think we’re shooting ourselves in the foot with this."Nearly one-third of SNC-Lavalin's $9.3 billion in revenues in 2017 came from Canada, down from roughly 60 per cent of revenue in 2014. Analysts estimate that up to one-half of home-turf revenues stem from federal contracts, and a smaller portion courtesy of Quebec.The public procurement authority added the SNC subsidiaries to its rolls of ineligible companies Wednesday.Established in 2018, the blacklist aims to "prevent, combat and punish certain fraudulent practices in the construction industry," according to the oversight body.This report by The Canadian Press was first published Feb. 6, 2020.Companies in this story: (TSX:SNC)The Canadian Press
MONTREAL — SNC-Lavalin Group Inc. says the nomination of three new members to its board of directors is part of a renewal process for the company.In December, SNC-Lavalin was fined $280 million after its construction division pleaded guilty to fraud for actions taken in Libya between 2001 and 2011.Four current board members of SNC's board will not be standing for re-election.Newcomers Gary Baughman, Chris Clark and Mike Pederson will stand for election at the company's annual meeting on May 7.Baughman is the former chair and chief executive of Texas-based APTIM, a global design, construction, environmental remediation and maintenance service supplier.Clark is the former chief executive of PricewaterhouseCoopers Canada, while Pederson is a former senior executive at TD Bank.This report by The Canadian Press was first published Feb. 6, 2020.Companies in this story: (TSX:SNC)The Canadian Press
SNC-Lavalin Group Inc. (TSX:SNC) and Maxar Technologies Inc. (TSX:MAXR)(NYSE:MAXR) stocks were hit hard in 2018 and early 2019 but have shown some signs of life lately.
MONTREAL , Febr. 6, 2020 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce the nominations of Mr. Gary C. Baughman , Mr. Chris Clark , and Mr. Mike Pederson to the Board of Directors as part ...
MONTREAL , Feb. 3, 2020 /CNW Telbec/ - Comprehensive Decommissioning International, LLC (CDI), a joint venture company of SNC-Lavalin (SNC.TO) and Holtec International, has been awarded its second commercial contract worth hundreds of millions of dollars to decommission the Pilgrim Nuclear Power Station in Plymouth, Massachusetts . Under the contract with Holtec, CDI will be responsible for decommissioning, demolishing and cleaning up the single-reactor facility beginning this year, now that site ownership has transferred to Holtec from Entergy Corporation. Pilgrim joins Oyster Creek as CDI's second decommissioning project.
MONTREAL , Jan. 31, 2020 /CNW Telbec/ - SNC-Lavalin's (SNC.TO) Atkins business has been awarded a five-year extension for its role as Architect Engineering for ITER, the international nuclear fusion energy project. The role is responsible for the design and construction oversight of all the buildings, services and infrastructure of the site, which is under construction in the south of France . This contract is within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and sustainability.
MONTREAL , Jan. 30, 2020 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce its wholly-owned subsidiary Candu Energy Inc., has been awarded three contracts with a combined value of $34 million ...
MONTREAL — Canada has slipped in the annual Transparency International ranking of countries considered among the least corrupt, in light of the SNC-Lavalin controversy.According to the Berlin-based organization's most recent corruption perception index, Canada now ranks 12th on the list of 180 countries assessed, behind Germany, the Netherlands and Norway. This is a decrease of three places compared to 2018.The country obtained a score of 77, which places it at the top in the Americas, while the United States ranks 23rd.The report points out that the "shockingly low" enforcement of foreign bribery laws among economically developed countries was reflected in the case against SNC-Lavalin, which faced criminal charges of fraud and corruption in Libya between 2001 and 2011.The Montreal engineering company settled the charges in December, with its construction division pleading guilty to a single count of fraud and agreeing to a $280-million fine to be paid over five years and a three-year probation order.Transparency International also says that Canada is becoming an increasingly popular place for money laundering or "snow-washing" through shell companies to avoid paying taxes.Denmark and New Zealand are considered the least corrupt countries with a score of 87 points. At the other end of the scale are Somalia, South Sudan and Syria, with scores of nine, 12 and 13.This report by The Canadian Press was first published Jan. 24, 2020.Companies in this story: (TSX:SNC)The Canadian Press
MONTREAL , Jan. 22, 2020 /CNW Telbec/ - SNC-Lavalin (SNC.TO) is pleased to announce a series of enhancements to its senior leadership team to better align with and support the execution of the Company's new strategic direction and its focus on driving cash flow and sustainable growth.
MONTREAL , Jan. 21, 2020 /CNW Telbec/ - Candu Energy Inc., a member of the SNC-Lavalin Group (TSX: SNC), was awarded a $10.8 million ( 7.3M EUR ) contract by Societatea Nationala Nuclearelectrica S.A. ...