Saipem (OTCMKTS:SAPMF – Get Free Report) saw an uptick in trading volume on Wednesday . 14,000 shares changed hands during mid-day trading, an increase of 449% from the previous session’s volume of 2,551 shares.The stock last traded at $2.50 and had previously closed at $2.54.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SAPMF. Citigroup upgraded Saipem to a “strong-buy” rating in a report on Monday, October 20th. Royal Bank Of Canada downgraded Saipem from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Saipem has a consensus rating of “Buy”.
Get Our Latest Research Report on SAPMF
Saipem Stock Down 1.6%
About Saipem
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.
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