Salamander Energy Given “Buy” Rating at Deutsche Bank (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a GBX 175 ($2.88) price objective on the stock. Deutsche Bank’s price objective suggests a potential upside of 60.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of Salamander Energy from GBX 165 ($2.72) to GBX 130 ($2.14) in a research note to investors on Friday. They now have an “equal weight” rating 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, January 22nd. They now have a GBX 190 ($3.13) price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Salamander Energy from GBX 280 ($4.61) to GBX 260 ($4.28) in a research note to investors on Monday, January 20th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Salamander Energy has a consensus rating of “Buy” and a consensus price target of GBX 207.13 ($3.41).
Salamander Energy (LON:SMDR) traded up 0.46% during mid-day trading on Tuesday, hitting GBX 109.00. The stock had a trading volume of 103,694 shares. Salamander Energy has a 52 week low of GBX 95.00 and a 52 week high of GBX 224.071. The stock’s 50-day moving average is GBX 108.5 and its 200-day moving average is GBX 113.9. The company’s market cap is £281.5 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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