Salamander Energy Plc’s Buy Rating Reaffirmed at Oriel Securities Ltd (SMDR)
Salamander Energy Plc (LON:SMDR) traded down 3.69% during mid-day trading on Thursday, hitting GBX 104.50. The stock had a trading volume of 734,884 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 114.3 and its 200-day moving average is 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 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. Separately, 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. 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 given a buy rating and one has issued a strong buy rating to the stock. Salamander Energy Plc presently has a consensus rating of “Buy” and an average price target 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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