SBM Offshore Receives “Buy” Rating from Societe Generale (SBMO)

SBM Offshore (AMS: SBMO)‘s stock had its “buy” rating reaffirmed by investment analysts at Societe Generale in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a €18.00 ($23.38) price target on the stock.

SBM Offshore (AMS: SBMO) traded up 0.14% on Friday, hitting €14.52. SBM Offshore has a 52-week low of €7.731 and a 52-week high of €14.345. The stock’s 50-day moving average is currently €11.51.

A number of other firms have also recently commented on SBMO. Analysts at KBC Securities reiterated a “buy” rating on shares of SBM Offshore in a research note to investors on Thursday. They now have a €16.68 ($21.66) price target on the stock. Analysts at ING Bank reiterated a “buy” rating on shares of SBM Offshore in a research note to investors on Wednesday, May 22nd. They now have a €17.00 ($22.08) price target on the stock.

SBM Offshore NV is a Netherlands-based company engaged in the offshore energy industry. It is a provider of floating production and mooring systems, in production operations and in terminals and services.

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