Canaccord Genuity Lowers Salamander Energy Plc Price Target to GBX 140 (SMDR)
Analysts at Canaccord Genuity decreased their target price on shares of Salamander Energy Plc (LON:SMDR) from GBX 150 ($2.49) to GBX 140 ($2.32) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 33.72% from the stock’s previous close.
Shares of Salamander Energy Plc (LON:SMDR) opened at 107.50 on Tuesday. 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 112.3 and a 200-day moving average of GBX 118.7. The company’s market cap is £278.3 million.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Salamander Energy Plc in a research note on Thursday, August 28th. They now have a GBX 160 ($2.66) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Salamander Energy Plc in a research note on Thursday, August 28th. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Salamander Energy Plc in a research note on Wednesday, August 27th. They now have a GBX 150 ($2.49) price target on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 178.43 ($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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