SemGroup Corp (SEMG) Stock Rating Reaffirmed by Barclays PLC

SemGroup Corp (NASDAQ:SEMG)‘s stock had its “hold” rating reissued by investment analysts at Barclays PLC in a research note issued to investors on Thursday. They currently have a $32.00 target price on the stock. Barclays PLC’s target price suggests a potential upside of 18.74% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. BidaskClub lowered shares of SemGroup Corp from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of SemGroup Corp in a research report on Tuesday, October 3rd.

Shares of SemGroup Corp (SEMG) opened at 26.95 on Thursday. The firm has a market cap of $2.12 billion and a PE ratio of 266.83. The company has a 50 day moving average of $27.60 and a 200 day moving average of $28.52. SemGroup Corp has a 52 week low of $22.55 and a 52 week high of $43.20.

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Several large investors have recently bought and sold shares of SEMG. Great West Life Assurance Co. Can boosted its position in shares of SemGroup Corp by 22.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 9,010 shares of the company’s stock valued at $323,000 after purchasing an additional 1,651 shares in the last quarter. Comerica Bank boosted its position in shares of SemGroup Corp by 0.6% during the 1st quarter. Comerica Bank now owns 7,412 shares of the company’s stock valued at $247,000 after purchasing an additional 41 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of SemGroup Corp by 22.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 32,857 shares of the company’s stock valued at $1,183,000 after purchasing an additional 6,054 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of SemGroup Corp during the 1st quarter valued at about $233,000. Finally, Ameriprise Financial Inc. boosted its position in shares of SemGroup Corp by 0.4% during the 1st quarter. Ameriprise Financial Inc. now owns 15,591 shares of the company’s stock valued at $561,000 after purchasing an additional 65 shares in the last quarter.

About SemGroup Corp

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