Shares of Subsea 7 SA (OTCMKTS:SUBCY) have been given an average rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.00.
Several equities analysts recently issued reports on SUBCY shares. Zacks Investment Research cut shares of Subsea 7 from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Saturday, February 2nd. ValuEngine upgraded shares of Subsea 7 from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Goldman Sachs Group started coverage on shares of Subsea 7 in a research note on Tuesday, March 26th. They issued a “buy” rating for the company. Finally, Berenberg Bank started coverage on shares of Subsea 7 in a research note on Tuesday, February 26th. They issued a “hold” rating for the company.
SUBCY stock opened at $13.00 on Friday. The firm has a market capitalization of $4.24 billion, a PE ratio of 23.11 and a beta of 1.53. Subsea 7 has a 12 month low of $8.90 and a 12 month high of $16.34.
Subsea 7 Company Profile
Subsea 7 SA operates as a seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.
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