SNC-Lavalin Group Inc. (OTCMKTS:SNCAF) Short Interest Up 23.0% in April

SNC-Lavalin Group Inc. (OTCMKTS:SNCAFGet Rating) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,296,500 shares, a growth of 23.0% from the April 15th total of 1,054,100 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 2,593.0 days.

Shares of SNCAF opened at $19.91 on Wednesday. The stock has a 50 day simple moving average of $22.87 and a 200 day simple moving average of $23.58. SNC-Lavalin Group has a 52-week low of $18.24 and a 52-week high of $30.09.

Several analysts have commented on the stock. TD Securities dropped their target price on shares of SNC-Lavalin Group from C$41.00 to C$37.00 in a research report on Friday, May 6th. BMO Capital Markets dropped their price objective on SNC-Lavalin Group from C$31.00 to C$30.00 in a report on Friday, May 6th. Scotiabank decreased their target price on SNC-Lavalin Group from C$48.00 to C$45.00 in a research report on Friday, May 6th. Royal Bank of Canada cut their price target on shares of SNC-Lavalin Group from C$37.00 to C$36.00 in a research report on Friday, May 6th. Finally, Raymond James reduced their price objective on shares of SNC-Lavalin Group from C$38.00 to C$37.00 in a research note on Friday, May 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $40.33.

About SNC-Lavalin Group (Get Rating)

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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