Snc-Lavalin Group (OTCMKTS:SNCAF) Shares Pass Below 50-Day Moving Average of $17.42

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Snc-Lavalin Group Inc (OTCMKTS:SNCAF) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.42 and traded as low as $17.09. Snc-Lavalin Group shares last traded at $17.73, with a volume of 3,541 shares trading hands.

A number of research analysts have commented on the stock. TD Securities downgraded shares of Snc-Lavalin Group to a “buy” rating and set a $31.00 price objective on the stock. in a research note on Friday, November 1st. National Bank Financial set a $37.50 target price on shares of Snc-Lavalin Group and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James set a $26.00 target price on shares of Snc-Lavalin Group and gave the stock a “hold” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Snc-Lavalin Group presently has an average rating of “Hold” and an average price target of $31.50.

The stock’s fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $16.53.

About Snc-Lavalin Group (OTCMKTS:SNCAF)

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.

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