In a report released today, Adrian Loh from UOB Kay Hian maintained a Buy rating on Sembcorp Marine (SMBMF – Research Report), with a price target of S$0.15. The company’s shares opened today at $0.10.
According to TipRanks, Loh is a 2-star analyst with an average return of 2.7% and a 60.00% success rate.
Sembcorp Marine has an analyst consensus of Strong Buy, with a price target consensus of $0.13, representing a 33.88% upside. In a report released on February 17, HSBC also maintained a Buy rating on the stock with a S$0.20 price target.
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The company has a one-year high of $0.12 and a one-year low of $0.06. Currently, Sembcorp Marine has an average volume of 18.72K.
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Sembcorp Marine Ltd. is an investment holding company, which engages in the provision of management services. It operates through the following segments: Rigs & Floaters, Repairs & Upgrades, Offshore Platforms and Specialized Shipbuilding; Ship Chartering; and Others. The Others segment includes bulk trading in marine engineering related products; provision of harbour tug services to port users; collection and treatment of used copper slag; and the processing and distribution of copper slag for blast cleaning purposes. The company was founded on April 25, 1963 and is headquartered in Singapore.
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