Shares of Saipem (OTCMKTS:SAPMF – Get Free Report) saw an uptick in trading volume on Wednesday . 14,000 shares traded 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
Several research analysts recently weighed in on SAPMF shares. Royal Bank Of Canada cut shares of 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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Read Our Latest Analysis on SAPMF
Saipem Stock Performance
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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