Goldman Sachs initiated coverage of Sembcorp Industries (SCRPF) with a Buy rating and S$8.40 price target implying 28% upside. Sembcorp is the leading electricity and gas company in Singapore, with a diverse portfolio of renewables and energy infrastructure assets, the analyst tells investors in a research note. The firm views the shares as attractively valued.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCRPF:
- Sembcorp and BPCL Form Joint Venture for Green Hydrogen and Renewable Energy in India
- Sembcorp Industries: Strategic Acquisitions and Renewable Energy Initiatives Drive Buy Rating
- Sembcorp Signs 25-Year Renewable Energy Agreement with Meta Subsidiary
- Sembcorp Partners for Hydropower Import Project
- Sembcorp Industries Initiates Strategic Business Review
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue