RBC Capital Reaffirms Sector Perform Rating for Salamander Energy Plc (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “sector perform” rating reaffirmed by RBC Capital in a research note issued on Wednesday. They currently have a GBX 160 ($2.67) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 49.53% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Salamander Energy Plc in a research note on Wednesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Tuesday. They now have a GBX 185 ($3.09) price target on the stock. Finally, analysts at FirstEnergy Capital reiterated a “top pick” rating on shares of Salamander Energy Plc in a research note on Monday. They now have a GBX 190 ($3.18) 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 company. Salamander Energy Plc presently has an average rating of “Buy” and a consensus price target of GBX 179.14 ($2.99).
Shares of Salamander Energy Plc (LON:SMDR) opened at 108.86 on Wednesday. Salamander Energy Plc has a 52-week low of GBX 95.00 and a 52-week high of GBX 155.95. The stock has a 50-day moving average of GBX 118.9 and a 200-day moving average of GBX 118.3. The company’s market cap is £281.2 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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