Saipem (OTCMKTS:SAPMF – Get Free Report) traded up 8% during trading on Friday . The stock traded as high as $2.70 and last traded at $2.70. 2,000 shares traded hands during trading, a decline of 31% from the average session volume of 2,917 shares. The stock had previously closed at $2.50.
Analyst Ratings Changes
SAPMF has been the topic of several recent analyst reports. Royal Bank Of Canada downgraded shares of Saipem from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup upgraded shares of Saipem to a “strong-buy” rating in a report on Monday, October 20th. Two 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 an average rating of “Buy”.
Read Our Latest Report on SAPMF
Saipem Stock 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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