Salamander Energy Plc Rating Reiterated by Barclays (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays in a report issued on Tuesday. They currently have a GBX 130 ($2.23) price objective on the stock. Barclays’ price objective would indicate a potential upside of 0.97% from the company’s current price.
Shares of Salamander Energy Plc (LON:SMDR) traded down 4.63% during mid-day trading on Tuesday, hitting GBX 128.75. 1,181,847 shares of the company’s stock traded hands. Salamander Energy Plc has a 1-year low of GBX 95.00 and a 1-year high of GBX 155.95. The stock’s 50-day moving average is GBX 137.1 and its 200-day moving average is GBX 117.2. The company’s market cap is £332.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Wednesday, July 2nd. Separately, analysts at FirstEnergy Capital reiterated a “top pick” rating on shares of Salamander Energy Plc in a research note on Wednesday, June 25th. They now have a GBX 190 ($3.26) price target on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Salamander Energy Plc to a “buy” rating in a research note on Tuesday, June 24th. They now have a GBX 155 ($2.66) price target on the stock, up previously from GBX 145 ($2.49). Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 195.44 ($3.35).
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.