Salamander Energy Plc Earns “Buy” Rating from Oriel Securities Ltd (SMDR)
A number of other analysts have also recently weighed in on SMDR. Analysts at HSBC reiterated an “overweight” rating on shares of Salamander Energy Plc in a research note on Friday, August 1st. They now have a GBX 200 ($3.34) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Salamander Energy Plc from GBX 155 ($2.59) to GBX 150 ($2.51) in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Salamander Energy Plc in a research note on Tuesday, July 22nd. They now have a GBX 160 ($2.67) price target on the stock. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 179.14 ($2.99).
Shares of Salamander Energy Plc (LON:SMDR) opened at 104.127 on Monday. Salamander Energy Plc has a 1-year low of GBX 95.00 and a 1-year high of GBX 155.95. The stock has a 50-day moving average of GBX 120.4 and a 200-day moving average of GBX 118.2. The company’s market cap is £269.0 million.
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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