Snam’s (SNMRF) Overweight Rating Reaffirmed at Barclays


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Snam (OTCMKTS:SNMRF)‘s stock had its “overweight” rating reissued by analysts at Barclays in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities research analysts have also recently issued reports on the company. Main First Bank raised Snam from a “hold” rating to a “buy” rating in a research report on Thursday, October 29th. Stifel Nicolaus cut Snam from a “buy” rating to a “hold” rating in a research report on Thursday, November 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Snam in a research report on Tuesday. JPMorgan Chase & Co. cut Snam from an “overweight” rating to a “neutral” rating in a research report on Monday. Finally, The Goldman Sachs Group raised Snam from a “sell” rating to a “buy” rating in a research report on Tuesday, September 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy”.

Shares of Snam stock opened at $5.63 on Tuesday. The stock has a 50 day moving average price of $5.64 and a two-hundred day moving average price of $5.25. Snam has a 12-month low of $3.75 and a 12-month high of $5.85.

About Snam

Snam S.p.A., together with its subsidiaries, engages in the implementation and integrated management of natural gas infrastructure in Europe. It operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, and Natural Gas Storage segments. The company provides natural gas transportation and dispatching services with 32,727 kilometers of high-and medium-pressure gas pipelines; and owns and manages LNG regasification plants.

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Analyst Recommendations for Snam (OTCMKTS:SNMRF)

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