Savannah Petroleum PLC 26.9% Potential Upside Indicated by Barclays Capital

Broker Ratings
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Savannah Petroleum PLC with EPIC/TICKER (LON:SAVP) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Savannah Petroleum PLC are listed in the Oil & Gas sector within AIM. Barclays Capital have set a target price of 38 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 26.9% from the opening price of 29.95 GBX. Over the last 30 and 90 trading days the company share price has increased 5.15 points and decreased 3.05 points respectively. The 52 week high for the share price is currently at 35 GBX while the 52 week low is 23.3 GBX.

Savannah Petroleum PLC has a 50 day moving average of 28.22 GBX and the 200 Day Moving Average price is recorded at 29.52. There are currently 817,069,925 shares in issue with the average daily volume traded being 1,114,857. Market capitalisation for LON:SAVP is £244,273,855 GBP.

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