Salamander Energy Stock Rating Reaffirmed by Deutsche Bank (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Thursday, Stock Ratings News reports. They currently have a GBX 232 ($3.72) target price on the stock. Deutsche Bank’s target price suggests a potential upside of 118.35% from the stock’s previous close.
SMDR has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “equal weight” rating on shares of Salamander Energy in a research note to investors on Tuesday, October 1st. They now have a GBX 160 ($2.57) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Salamander Energy in a research note to investors on Monday, September 30th. They now have a GBX 280 ($4.49) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Salamander Energy in a research note to investors on Thursday, September 19th. They now have a GBX 150 ($2.41) price target on the stock. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 233.23 ($3.74).
Salamander Energy (LON:SMDR) traded up 1.19% during mid-day trading on Thursday, hitting GBX 106.25. 6,119,266 shares of the company’s stock traded hands. Salamander Energy has a 1-year low of GBX 99.75 and a 1-year high of GBX 224.071. The stock’s 50-day moving average is GBX 123.6 and its 200-day moving average is GBX 162.4. The company’s market cap is £274.4 million.
Salamander Energy PLC is a holding company. The Company is engaged in oil and gas exploration, development and production, which focuses on building a portfolio of assets in Asia.
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