Shares of Saipem (OTCMKTS:SAPMF – Get Free Report) were up 8% during trading on Friday . The company traded as high as $2.70 and last traded at $2.70. Approximately 2,000 shares traded hands during trading, a decline of 31% from the average daily volume of 2,917 shares. The stock had previously closed at $2.50.
Analysts Set New Price Targets
SAPMF has been the subject of several analyst reports. Citigroup upgraded Saipem to a “strong-buy” rating in a research note on Monday, October 20th. Royal Bank Of Canada cut Saipem from a “moderate buy” rating to a “hold” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Saipem currently has a consensus rating of “Buy”.
View Our Latest Stock Report on SAPMF
Saipem Stock Up 3.8%
Saipem Company Profile
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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