Salamander Energy Plc Stock Rating Reaffirmed by HSBC (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “overweight” rating restated by research analysts at HSBC in a report released on Monday. They currently have a GBX 242 ($4.06) price objective on the stock. HSBC’s price objective points to a potential upside of 63.24% from the company’s current price.
Salamander Energy Plc (LON:SMDR) opened at 147.00 on Monday. Salamander Energy Plc has a 1-year low of GBX 95.00 and a 1-year high of GBX 175.02. The stock has a 50-day moving average of GBX 130.4 and a 200-day moving average of GBX 111.. The company’s market cap is £379.7 million.
A number of other firms have also recently commented on SMDR. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Salamander Energy Plc in a research note on Wednesday, May 21st. They now have a GBX 160 ($2.68) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Salamander Energy Plc in a research note on Wednesday, May 7th. They now have a GBX 130 ($2.18) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Thursday, May 1st. They now have a GBX 145 ($2.43) price target on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average 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.
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.