April 20, 2016

Barclays Upgraded Schlumberger Limited. (SLB)


Schlumberger Limited. (NYSE:SLB) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Wednesday StockTargetPrices.com reports. The brokerage currently has a $93.00 price objective on the stock, up from their prior price objective of $83.00. Barclays’ target price indicates a potential upside of 16.78% from the stock’s current price.

Other hedge funds have recently made changes to their positions in the company. Capital World Investors raised its stake in shares of Schlumberger Limited. by 75.4% in the fourth quarter. Capital World Investors now owns 35,732,039 shares of the company’s stock worth $2,492,310,000 after buying an additional 15,360,356 shares during the last quarter. Norges Bank acquired a new position in Schlumberger Limited. during the fourth quarter valued at approximately $846,136,000. 


Source: American Banking and Market News