Brokerages Set Snam S.p.A. (OTCMKTS:SNMRF) Target Price at $5.10

Shares of Snam S.p.A. (OTCMKTS:SNMRF – Get Rating) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.93.

SNMRF has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on Snam from €4.70 ($5.11) to €4.75 ($5.16) in a report on Monday. UBS Group initiated coverage on Snam in a report on Monday, January 17th. They issued a “neutral” rating and a $5.10 target price for the company. Finally, Citigroup lowered Snam from a “neutral” rating to a “sell” rating in a report on Monday, April 4th.

Shares of SNMRF traded down $0.17 during mid-day trading on Wednesday, reaching $5.63. The company’s stock had a trading volume of 415 shares, compared to its average volume of 3,547. The business has a fifty day moving average of $5.24 and a 200 day moving average of $5.58. Snam has a 1 year low of $5.15 and a 1 year high of $6.15.

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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