Shares of Schlumberger Ltd (Symbol: SLB) recently surpassed the average 12-month target price set by analysts, trading at $39.80, above the $39.06 average target. This movement prompts analysts to either adjust their target prices or assess the stock’s valuation. Currently, targets from 16 analysts range from $25.00 to $48.00, with a standard deviation of $5.095.
As of now, 11 analysts have assigned a “Strong Buy” rating, while 2 gave a “Buy” rating, and 2 rated it as “Hold.” Notably, there are no “Sell” or “Strong Sell” ratings. The average analyst rating for SLB remains at 1.37 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell,” indicating a generally positive outlook.
