Canaccord Genuity downgraded shares of Salamander Energy (LON: SMDR) from a buy rating to a hold rating in a research note released on Monday morning.

Salamander Energy (LON: SMDR) opened at 204.90 on Monday. Salamander Energy has a 1-year low of GBX 155.60 and a 1-year high of GBX 214.20. The stock’s 50-day moving average is currently GBX 198.8. The company’s market cap is £526.6 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a buy rating on shares of Salamander Energy in a research note to investors on Thursday, March 14th. They now have a $3.73 price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a buy rating on shares of Salamander Energy in a research note to investors on Thursday, March 14th. Finally, analysts at Nplus1 Brewin reiterated a buy rating on shares of Salamander Energy in a research note to investors on Thursday, March 14th. They now have a $3.58 price target on the stock.

One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $4.34 (287 GBX).

Salamander Energy PLC is a holding company. The Company is engaged in oil and gas exploration, development and production, which focuses on building a portfolio of assets in Asia.

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