Saipem (OTCMKTS:SAPMF – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $2.5455, but opened at $2.68. Saipem shares last traded at $2.68, with a volume of 35,500 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised shares of Saipem to a “strong-buy” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.
Get Our Latest Stock Report on SAPMF
Saipem Stock Up 5.9%
About Saipem
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.
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