Sapura Energy raised to hold at KAF Seagroatt & Campbell

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KUALA LUMPUR (Sept 5):  KAF Seagroatt & Campbell analyst Joe Vuei Wong upgraded the recommendation on Sapura Energy Bhd to hold from sell.

* Price target (PT) set to 35 sen. Sapura Energy average PT is 57 sen.

* Sapura Energy had 9 buys, 4 holds, 6 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 36 percent in the past three months. Forecasts range from 29 sen to RM1.20. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a negative 69 percent return in the past year, compared with the negative 74 percent return on the shares.