Saipem SpA (SAPMD) Stock Rating Lowered by Goldman Sachs Group, Inc. (The)

Saipem SpA (NASDAQ:SAPMD) was downgraded by equities researchers at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.

Separately, Macquarie upgraded Saipem SpA from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 16th.

Saipem SpA (NASDAQ:SAPMD) remained flat at $7.66 during midday trading on Wednesday. The stock’s market capitalization is $3.87 billion. Saipem SpA has a 52 week low of $4.80 and a 52 week high of $85.60. The firm’s 50 day moving average is $7.87 and its 200 day moving average is $8.94.

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Saipem SpA Company Profile

Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. It is organized into two business units: Engineering & Construction and Drilling.

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