Saipem (OTCMKTS:SAPMF – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 14,000 shares changed hands during 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.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on SAPMF shares. Royal Bank Of Canada cut Saipem from a “moderate buy” rating to a “hold” rating in a report on Friday, August 1st. Citigroup upgraded Saipem to a “strong-buy” rating in a report on Monday, October 20th. Two investment 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.com, Saipem currently has an average rating of “Buy”.
View Our Latest Stock Analysis on Saipem
Saipem Price Performance
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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