Repsol (OTCMKTS:REPYY) Upgraded by The Goldman Sachs Group to “Buy”

Repsol (OTCMKTS:REPYYGet Rating) was upgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

Several other equities analysts have also recently commented on REPYY. Barclays raised their price target on shares of Repsol from €13.00 ($14.13) to €14.50 ($15.76) in a research report on Wednesday, April 6th. Zacks Investment Research raised Repsol from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Saturday. Exane BNP Paribas cut shares of Repsol from a “neutral” rating to an “underperform” rating in a research note on Friday, January 7th. JPMorgan Chase & Co. upped their target price on shares of Repsol from €16.50 ($17.93) to €17.00 ($18.48) in a report on Friday, January 14th. Finally, Jefferies Financial Group raised Repsol from a “hold” rating to a “buy” rating in a report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Repsol presently has a consensus rating of “Buy” and a consensus price target of $13.89.

Shares of Repsol stock traded up $0.37 during trading hours on Wednesday, hitting $14.33. The company’s stock had a trading volume of 105,056 shares, compared to its average volume of 110,034. The firm has a fifty day moving average of $13.17 and a 200-day moving average of $12.66. Repsol has a twelve month low of $10.28 and a twelve month high of $14.49. The stock has a market cap of $21.88 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.96 and a beta of 1.01.

About Repsol (Get Rating)

Repsol SA is engaged in the exploration and production of crude oil, natural gas, and refined petroleum. It operates through the following business segments: Upstream, Downstream, and Corporation & Others. The Upstream segment engages in exploration and development of crude oil and natural gas reserves.

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