Canaccord Genuity Reiterates “Buy” Rating for Salamander Energy (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Wednesday, AnalystRatings.Net reports. They currently have a GBX 145 ($2.38) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 27.19% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Salamander Energy in a research note to investors on Wednesday. They now have a GBX 175 ($2.87) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Salamander Energy in a research note to investors on Wednesday, December 18th. They now have a GBX 199 ($3.26) price target on the stock. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 211.40 ($3.47).
Shares of Salamander Energy (LON:SMDR) traded down 4.30% during mid-day trading on Wednesday, hitting GBX 109.10. The stock had a trading volume of 1,489,079 shares. Salamander Energy has a one year low of GBX 95.00 and a one year high of GBX 224.071. The stock has a 50-day moving average of GBX 106.0 and a 200-day moving average of GBX 117.8. The company’s market cap is £281.7 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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