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Berenberg Bank Reaffirms Their Buy Rating on Saipem SpA (SPEA)

Berenberg Bank Reaffirms Their Buy Rating on Saipem SpA (SPEA)

Berenberg Bank analyst maintained a Buy rating on Saipem SpA yesterday and set a price target of €3.40. The company's shares closed last Monday at €2.37.
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Saipem SpA has an analyst consensus of Strong Buy, with a price target consensus of €3.25, implying a 36.96% upside from current levels. In a report released on July 1, Kepler Capital also maintained a Buy rating on the stock with a €3.60 price target.
The company has a one-year high of €2.75 and a one-year low of €1.65. Currently, Saipem SpA has an average volume of 4,187.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPEA in relation to earlier this year.
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