Raised to $80.00 at Citigroup Inc.
Schlumberger N.V. (NYSE:SLB) had its price target boosted by research analysts at Citigroup Inc. from $77.00 to $80.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Citigroup Inc.’s price target would suggest a potential upside of 17.06% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on SLB. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. BidaskClub downgraded shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Friday, September 29th. Finally, Instinet reiterated a “buy” rating and set a $78.00 price target (down previously from $85.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. has an average rating of “Buy” and a consensus price target of $84.52.
Schlumberger N.V. (SLB) opened at 68.34 on Thursday. Schlumberger N.V. has a 52-week low of $62.56 and a 52-week high of $87.84. The company has a market capitalization of $94.62 billion, a P/E ratio of 538.11 and a beta of 1.05. The stock has a 50 day moving average of $66.39 and a 200-day moving average of $69.47.
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