SNC-Lavalin Group (OTCMKTS:SNCAF) Stock Price Crosses Below 200-Day Moving Average of $23.24

SNC-Lavalin Group Inc. (OTCMKTS:SNCAFGet Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.24 and traded as low as $20.02. SNC-Lavalin Group shares last traded at $20.16, with a volume of 710 shares.

Several equities analysts recently weighed in on the stock. TD Securities reduced their price target on shares of SNC-Lavalin Group from C$41.00 to C$37.00 in a research report on Friday, May 6th. Scotiabank reduced their target price on shares of SNC-Lavalin Group from C$48.00 to C$45.00 in a research report on Friday, May 6th. Royal Bank of Canada lowered their price target on shares of SNC-Lavalin Group from C$37.00 to C$36.00 in a report on Friday, May 6th. BMO Capital Markets reduced their price objective on SNC-Lavalin Group from C$31.00 to C$30.00 in a report on Friday, May 6th. Finally, Canaccord Genuity Group lowered their target price on SNC-Lavalin Group from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, February 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $40.33.

The business’s 50 day moving average is $22.13 and its two-hundred day moving average is $23.21.

SNC-Lavalin Group Company Profile (OTCMKTS:SNCAF)

SNC-Lavalin Group Inc operates as an integrated professional services and project management company. It operates through Engineering, Design, and Project Management (EDPM); Nuclear; Infrastructure Services; Resources; Infrastructure EPC (Engineering, Procurement, and Construction) Projects; and Capital segments.

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