Snam S.p.A. (SNMRF) – What Are Brokerages Saying About This Stock?

Snam S.p.A. (OTCMKTS:SNMRF) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

A number of equities analysts have commented on the stock. Citigroup raised shares of Snam from a “sell” rating to a “neutral” rating in a research report on Thursday, October 29th. UBS Group upgraded shares of Snam to a “buy” rating in a report on Thursday, September 10th.

Snam Price Performance

SNMRF stock opened at $6.22 on Friday. Snam has a 1-year low of $5.94 and a 1-year high of $8.12. The business’s 50 day simple moving average is $6.26 and its 200 day simple moving average is $6.96.

About Snam

Snam S.p.A. is an Italian energy infrastructure company focused on the transportation, storage and regasification of natural gas. Through its infrastructure network, the company connects gas production and import sources with distribution networks, industrial users and energy markets.

The company operates and manages gas transmission pipelines, underground storage facilities and liquefied natural gas regasification infrastructure. Snam also develops projects related to the energy transition, including biomethane, hydrogen and carbon capture and storage, alongside its core gas infrastructure activities.

Founded in 1941, Snam is headquartered in San Donato Milanese, Italy.