RBC Capital Increases Seadrill Partners Price Target to $38.00 (SDLP)
Investment analysts at RBC Capital boosted their target price on shares of Seadrill Partners (NASDAQ:SDLP) from $37.00 to $38.00 in a note issued to investors on Wednesday, American Banking and Market News reports. RBC Capital’s target price points to a potential upside of 21.02% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Seadrill Partners from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at Zacks upgraded shares of Seadrill Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, January 6th. They now have a $36.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Seadrill Partners in a research note on Tuesday, December 17th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $74.75.
Shares of Seadrill Partners (NASDAQ:SDLP) traded down 0.10% on Wednesday, hitting $31.37. The stock had a trading volume of 122,754 shares. Seadrill Partners has a 52 week low of $26.20 and a 52 week high of $34.30. The stock has a 50-day moving average of $31.54 and a 200-day moving average of $31.51. The company’s market cap is $1.297 billion.
Seadrill Partners LLC (NASDAQ:SDLP) is a limited liability company.
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