Santos Limited’s Buy Rating Reaffirmed at Deutsche Bank (STO)
Santos Limited (ASX:STO)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $15.65 price objective on the stock.
Santos Limited (ASX:STO) traded up 0.52% during mid-day trading on Tuesday, hitting A$13.520. 59,495 shares of the company’s stock traded hands. Santos Limited has a 52 week low of A$11.960 and a 52 week high of A$15.800. The stock’s 50-day moving average is A$13.52 and its 200-day moving average is A$14.14. The company has a market cap of A$13.143 billion and a P/E ratio of 25.33.
STO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Santos Limited in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of A$15.65 ($14.63).
Santos Limited is an oil and gas producer, supplying Australian and Asian customers. The Company is primarily engaged in the exploration for, and development, production, transportation and marketing of, hydrocarbons.
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