RBC Capital Reiterates “Sector Perform” Rating for Salamander Energy Plc (SMDR)
Salamander Energy Plc (LON:SMDR)‘s stock had its “sector perform” rating restated by stock analysts at RBC Capital in a report issued on Thursday. They currently have a GBX 160 ($2.65) target price on the stock. RBC Capital’s target price suggests a potential upside of 47.47% from the stock’s previous close.
Salamander Energy Plc (LON:SMDR) traded down 3.69% during mid-day trading on Thursday, hitting GBX 104.50. 435,842 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 has a 50-day moving average of GBX 114.3 and a 200-day moving average of GBX 118.. The company’s market cap is £269.9 million.
A number of other analysts have also recently weighed in on SMDR. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Thursday. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Salamander Energy Plc in a research note on Wednesday. They now have a GBX 150 ($2.48) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Salamander Energy Plc in a research note on Wednesday, August 20th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company 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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