UBS Group Trims Snam (OTCMKTS:SNMRF) Target Price to €5.05

Snam (OTCMKTS:SNMRFGet Rating) had its target price dropped by investment analysts at UBS Group from €5.30 ($5.52) to €5.05 ($5.26) in a report issued on Thursday, The Fly reports.

Other research analysts also recently issued reports about the company. Royal Bank of Canada upped their price target on Snam from €4.70 ($4.90) to €4.75 ($4.95) in a research note on Monday, April 11th. Citigroup downgraded Snam from a “neutral” rating to a “sell” rating in a research note on Monday, April 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Snam has an average rating of “Hold” and a consensus target price of $4.90.

Snam stock remained flat at $$5.60 during midday trading on Thursday. 80,000 shares of the company traded hands, compared to its average volume of 2,707. The stock has a 50-day moving average of $5.54 and a two-hundred day moving average of $5.52. Snam has a one year low of $5.15 and a one year high of $6.15.

Snam Company Profile (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.

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