Analyst recommendations for Schlumberger
Approximately 78% of analysts tracking Schlumberger (SLB) have issued a “buy” recommendation or some equivalent. Approximately 17% have issued a “hold” or some equivalent, and the rest have rated SLB as a “sell.” Notably, SLB makes up 1.2% of the iShares S&P 500 Value ETF (IVE).
By comparison, approximately 64% of analysts tracking Helix Energy Solutions (HLX) issued a “buy” recommendation or some equivalent, while approximately 36% of analysts tracking HLX have recommended a “hold.”
Price targets for Schlumberger
RBC Capital Markets, the investment banking subsidiary of the Royal Bank of Canada, has most recently given SLB a target price of $95. SLB currently trades near $82, so RBC’s target price implies a ~15% return over the next 12 months. Barclays (BCS), a global investment bank, has given a target price of $94 for SLB, which implies a ~14% return over the next 12 months. Jefferies, an American investment bank, has given SLB a price target of $88, which implies a 7% return over the next 12 months.
While the highest target price for SLB is $110, the lowest is $77. The median target price surveyed among sell-side analysts for SLB is ~$93.5. SLB is currently trading near $82, which implies a ~14% upside at its median price.
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