Shares of Saipem SpA (OTCMKTS:SAPMY – Get Rating) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.07.
Several research analysts have recently weighed in on SAPMY shares. Societe Generale upgraded shares of Saipem from a "sell" rating to a "buy" rating in a research note on Wednesday, November 23rd. HSBC initiated coverage on shares of Saipem in a report on Tuesday, November 8th. They issued a "buy" rating for the company. Jefferies Financial Group upgraded Saipem from a "hold" rating to a "buy" rating in a research report on Thursday, October 20th. JPMorgan Chase & Co. lifted their target price on Saipem from €1.75 ($1.88) to €1.95 ($2.10) in a research note on Monday, December 5th. Finally, Berenberg Bank upgraded shares of Saipem from a "hold" rating to a "buy" rating in a research report on Thursday, November 17th.
Get Saipem alerts:Saipem Stock Performance
SAPMY stock opened at $0.24 on Friday. Saipem has a 1 year low of $1.99 and a 1 year high of $5.34. The stock's fifty day moving average price is $0.21 and its 200-day moving average price is $0.64.
Saipem Company Profile
(Get Rating)Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects.
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