Subsea 7 (OTCMKTS:SUBCY) Price Target Raised to 125.00

Subsea 7 (OTCMKTS:SUBCYGet Rating) had its price objective upped by Barclays from 110.00 to 125.00 in a research report report published on Thursday morning, The Fly reports. They currently have an overweight rating on the energy company’s stock.

SUBCY has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Subsea 7 from 84.00 to 86.00 in a report on Thursday, February 17th. Zacks Investment Research upgraded shares of Subsea 7 from a hold rating to a buy rating and set a $10.00 target price on the stock in a report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $78.40.

Shares of OTCMKTS SUBCY opened at $9.47 on Thursday. Subsea 7 has a 12-month low of $6.47 and a 12-month high of $10.85. The stock has a market cap of $2.82 billion, a PE ratio of 84.86 and a beta of 1.92. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $8.37 and a 200 day moving average of $8.17.

Subsea 7 Company Profile (Get Rating)

Subsea 7 SA delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.

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