Schlumberger Limited. (NYSE:SLB): Upgrade In Ratings Suggests The Improved Performance

by Fiona Gabriel | Monday, Apr 7, 2014 | 1390 views

Boston, MA, 04/07/2014 (usastockreports) – Ratings always play an important role in the world of investments. They serve as a guideline for the investors to know about the company’s performance. Schlumberger Limited. (NYSE:SLB) is witnessing a change in its ratings from a number of investment analysts.

Buy Rating by Jefferies Group

The first one in the list is Jefferies Group. They have given buy rating to the stock and have raised their target price on Schlumberger to $114.00. It is an attractive target price as it suggests that the company has good potential to grow and can offer a good return to the investors if they start accumulating the stock at the current price.

What the other analysts say?

There are other analysts who share the same view as of Jefferies Group. The list includes Societe Generale. They have also hoisted the target price of Schlumberger from $109.00 to $116.00. RBC Capital have an outperform rating for the stock as they raise the share price target from $110.00 to $115.00. Deutsche Bank already had a target of $122 on SLB. The only change they have made it to cut the price target from $122.00 to $120.00. Still the target price is well above the target price set by other investment analysts.  If an average rating is derived then the view is to buy with an average target price of $106.52.

The overall message

The upgrade comes at a time when the next season of earnings is set to start soon. If the last quarter results are analyzed then the company has faired well and has been successful to met the street’s expectations on most of the parameters. It is the reason why the company is seeing a good change in its stock ratings. The company is expected to deliver a good set of numbers in the coming quarter. Seeing the average rating along with the results performance, the current price offers promises fair return to the investors.

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