23:32:37 EDT Sun 28 Apr 2024
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Globe says SNC insiders buying shares as stock rises

2024-03-15 09:07 ET - In the News

The Globe and Mail reports in its Friday edition that last September, SNC-Lavalin Group announced it was rebranding as AtkinsRealis, with formal renaming subject to shareholder approval. Guest columnist Ted Dixon writes that meanwhile, the stock is on a roll. Since the end of last March, the stock has rallied 70 per cent on the back of double-digit year-over-year growth in its nuclear and engineering services segments. The latter is benefiting from infrastructure projects around the world. Importantly, insiders have been buying, including chief operating officer Philip Hoare. He bought 17,662 shares at $56.70 on March 11. The company's shares closed Thursday at $54.46, down 80 cents on the Toronto Stock Exchange.

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