Salamander Energy’s “Buy” Rating Reaffirmed at Numis Securities Ltd (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday, ARN reports. They currently have a GBX 190 ($3.12) target price on the stock. Numis Securities Ltd’s target price points to a potential upside of 78.82% from the stock’s previous close.
A number of other analysts have also recently weighed in on SMDR. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Salamander Energy in a research note to investors on Tuesday, January 28th. They now have a GBX 175 ($2.88) price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Salamander Energy from GBX 165 ($2.71) to GBX 130 ($2.14) in a research note to investors on Friday, January 24th. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Salamander Energy from GBX 280 ($4.60) to GBX 260 ($4.27) 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 207.13 ($3.40).
Salamander Energy (LON:SMDR) traded down 2.59% during mid-day trading on Monday, hitting GBX 103.50. The stock had a trading volume of 166,085 shares. Salamander Energy has a 1-year low of GBX 95.00 and a 1-year high of GBX 224.071. The stock’s 50-day moving average is GBX 108.4 and its 200-day moving average is GBX 113.. The company’s market cap is £267.3 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.