Snam (OTCMKTS:SNMRF) PT Raised to €4.75 at Royal Bank of Canada

Snam (OTCMKTS:SNMRFGet Rating) had its price objective upped by equities research analysts at Royal Bank of Canada from €4.70 ($5.11) to €4.75 ($5.16) in a research report issued on Monday, The Fly reports.

A number of other research firms have also recently issued reports on SNMRF. Citigroup cut Snam from a “neutral” rating to a “sell” rating in a report on Monday, April 4th. UBS Group began coverage on Snam in a report on Monday, January 17th. They set a “neutral” rating and a $5.10 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.93.

Snam stock opened at $5.80 on Monday. Snam has a 52-week low of $5.15 and a 52-week high of $6.15. The stock’s 50 day moving average price is $5.24 and its two-hundred day moving average price is $5.58.

About Snam (Get Rating)

SNAM SpA engages is a gas utility company, which builds and manages sustainable and technologically advanced infrastructure guaranteeing energy security. It operates through the following business segments: Natural Gas Transportation, Liquefied Natural Gas Regasification and Natural Gas Storage. The company was founded on October 30, 1941 and is headquartered in San Donato Milanese, Italy.

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