SBM Offshore Rating Reiterated by Societe Generale (SBMO)

SBM Offshore (AMS: SBMO)‘s stock had its “buy” rating restated by equities research analysts at Societe Generale in a research note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a €18.00 ($23.38) price objective on the stock.

SBMO has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “overweight” rating on shares of SBM Offshore in a research note to investors on Tuesday, May 28th. They now have a €18.20 ($23.64) price target on the stock. Separately, analysts at KBC Securities reiterated a “buy” rating on shares of SBM Offshore in a research note to investors on Thursday, May 23rd. They now have a €16.68 ($21.66) price target on the stock. Finally, analysts at ING Group 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.

Shares of SBM Offshore (AMS: SBMO) traded down 1.96% during mid-day trading on Wednesday, hitting €13.725. SBM Offshore has a 52 week low of €7.731 and a 52 week high of €14.82. The stock’s 50-day moving average is currently €11.51.

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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