Deutsche Bank Reiterates “Buy” Rating for Salamander Energy Plc (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Friday. They currently have a GBX 185 ($3.10) price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 28.03% from the company’s current price.
Salamander Energy Plc (LON:SMDR) traded down 6.57% during mid-day trading on Friday, hitting GBX 135.00. The stock had a trading volume of 634,953 shares. Salamander Energy Plc has a one year low of GBX 95.00 and a one year high of GBX 168.50. The stock has a 50-day moving average of GBX 134.8 and a 200-day moving average of GBX 112.3. The company’s market cap is £348.7 million.
SMDR has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Salamander Energy Plc in a research note on Thursday. They now have a GBX 198 ($3.32) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Salamander Energy Plc in a research note on Thursday. They now have a GBX 145 ($2.43) price target on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Salamander Energy Plc in a research note on Monday. They now have a GBX 242 ($4.06) price target on the stock. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Salamander Energy Plc has a consensus rating of “Buy” and a consensus target price of GBX 197.88 ($3.32).
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.