Numis Securities Ltd Reiterates Hold Rating for Salamander Energy Plc (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “hold” rating reiterated by Numis Securities Ltd in a research note issued on Wednesday. They currently have a GBX 150 ($2.48) target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 36.99% from the company’s current price.
Shares of Salamander Energy Plc (LON:SMDR) traded down 0.23% on Wednesday, hitting GBX 108.50. The stock had a trading volume of 405,815 shares. Salamander Energy Plc has a 52 week low of GBX 95.00 and a 52 week high of GBX 155.95. The stock’s 50-day moving average is GBX 115.0 and its 200-day moving average is GBX 118.6. The company’s market cap is £280.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Salamander Energy Plc in a research note on Wednesday, August 20th. They now have a GBX 160 ($2.65) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Salamander Energy Plc in a research note on Wednesday, August 20th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Tuesday, August 19th. They now have a GBX 185 ($3.06) 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 stock. Salamander Energy Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 179.14 ($2.96).
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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