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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Snc-Lavalin Group Inc    SNC   CA78460T1057

SNC-LAVALIN GROUP INC

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Snc Lavalin : Committee chair says probe of Wilson-Raybould affair a possibility

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02/12/2019 | 01:03pm EDT

OTTAWA — The Liberal chair of the House of Commons justice committee is open to probing whether the Prime Minister's Office improperly tried to influence the justice minister not to prosecute Quebec corporate giant SNC-Lavalin.

Anthony Housefather says the partisan nature of House committees make them imperfect for such investigations but he says if the committee members can come together in a non-partisan way, the committee might be able to do some good.

The justice committee meets Wednesday at the request of opposition MPs to decide whether to launch a study and Housefather says as chair he will see that the meeting is public.

Jody Wilson-Raybould resigned from cabinet this morning, a month after she was moved from Justice to Veterans Affairs, and less than a week after allegations surfaced that she was pressured to drop a criminal prosecution against SNC-Lavalin for fraud and corruption related to its business dealings in Libya.

Housefather says he believes Prime Minister Justin Trudeau when he says nobody from his office pressured Wilson-Raybould but he also believes more clarity is needed to explain exactly what went on.

The ethics commissioner is also investigating the matter to see if any part of the Conflict of Interest Act was violated.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2019 9 955 M
EBIT 2019 816 M
Net income 2019 498 M
Debt 2019 2 275 M
Yield 2019 1,49%
P/E ratio 2019 13,21
P/E ratio 2020 13,51
EV / Sales 2019 0,83x
EV / Sales 2020 0,75x
Capitalization 6 016 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 45,3  CAD
Spread / Average Target 32%
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Managers
NameTitle
Neil Alexander Bruce President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Ian Edwards Chief Operating Officer
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
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