Salamander Energy Given “Equal weight” Rating at Barclays (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a report released on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 160 ($2.63) price objective on the stock. Barclays’ target price would indicate a potential upside of 54.59% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Salamander Energy in a research note to investors on Monday. They now have a GBX 190 ($3.12) price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 207.13 ($3.40).
Salamander Energy (LON:SMDR) opened at 103.75 on Tuesday. 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 £267.9 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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