Saipem SpA (OTCMKTS:SAPMY – Get Rating) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $4.07.

SAPMY has been the subject of a number of research reports. Societe Generale upgraded shares of Saipem from a "sell" rating to a "buy" rating in a research note on Wednesday, November 23rd. JPMorgan Chase & Co. raised their target price on shares of Saipem from €1.75 ($1.90) to €1.95 ($2.12) in a research note on Monday, December 5th. Jefferies Financial Group upgraded shares of Saipem from a "hold" rating to a "buy" rating in a research note on Thursday, October 20th. HSBC initiated coverage on shares of Saipem in a research note on Tuesday, November 8th. They set a "buy" rating for the company. Finally, Berenberg Bank upgraded shares of Saipem from a "hold" rating to a "buy" rating in a research note on Thursday, November 17th.

Saipem Trading Up 1.7 %

Shares of SAPMY stock opened at $0.32 on Tuesday. The company has a fifty day moving average price of $0.23 and a two-hundred day moving average price of $0.25. Saipem has a one year low of $0.07 and a one year high of $14.46.

About Saipem

Saipem SpA provides integrated basic and detailed onshore engineering, procurement, project management, and construction services mainly to the oil and gas, complex civil and marine infrastructure, and environmental market sectors. It operates through the following business segments: Offshore Engineering and Construction; Onshore Engineering and Construction; Offshore Drilling; and Onshore Drilling.

Further Reading

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