Salamander Energy Plc Given “Buy” Rating at Deutsche Bank (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Thursday, Stock Ratings News reports. They currently have a GBX 185 ($3.11) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 48.89% from the stock’s previous close.
Salamander Energy Plc (LON:SMDR) traded up 4.63% on Thursday, hitting GBX 124.25. The stock had a trading volume of 1,676,805 shares. Salamander Energy Plc has a 1-year low of GBX 95.00 and a 1-year high of GBX 207.30. The stock’s 50-day moving average is GBX 104.1 and its 200-day moving average is GBX 104.8. The company’s market cap is £321.0 million.
SMDR has been the subject of a number of other recent research reports. Analysts at Tudor Pickering reiterated an “accumulate” rating on shares of Salamander Energy Plc in a research note on Wednesday. They now have a GBX 190 ($3.19) price target on the stock. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Salamander Energy Plc in a research note on Tuesday, April 15th. They now have a GBX 198 ($3.33) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Monday, April 14th. They now have a GBX 199 ($3.34) price target on the stock. Seven research analysts have rated the stock with a hold rating, eight have assigned 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 price target of GBX 198.40 ($3.33).
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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