Snam S.p.A. (OTCMKTS:SNMRF) Given Consensus Recommendation of “Hold” by Analysts

Shares of Snam S.p.A. (OTCMKTS:SNMRFGet Rating) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.93.

A number of research analysts recently weighed in on SNMRF shares. Citigroup downgraded shares of Snam from a “neutral” rating to a “sell” rating in a research report on Monday, April 4th. Royal Bank of Canada increased their price target on shares of Snam from €4.70 ($5.00) to €4.75 ($5.05) in a research report on Monday, April 11th.

Shares of Snam stock opened at $5.60 on Thursday. The company’s 50 day moving average is $5.41 and its 200 day moving average is $5.55. Snam has a twelve month low of $5.15 and a twelve month high of $6.15.

About Snam (Get Rating)

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure in Italy. The company operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, and Natural Gas Storage segments. It provides natural gas transportation and dispatching services with approximately 32,700 kilometers of high-and medium-pressure gas pipelines; and owns and manages LNG regasification plants.

Further Reading

Analyst Recommendations for Snam (OTCMKTS:SNMRF)

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