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Savannah Petroleum PLC 57.6% Potential Upside Indicated by Barclays Capital

Savannah Petroleum PLC using EPIC/TICKER code (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 their target price at 31 GBX on its stock. This would imply the analyst believes there is now a potential upside of 57.6% from today’s opening price of 19.67 GBX. Over the last 30 and 90 trading days the company share price has increased 1.17 points and decreased 5.43 points respectively. The 52 week high share price is 35 GBX while the year low share price is currently 17.15 GBX.

Savannah Petroleum PLC has a 50 day moving average of 21.19 GBX and a 200 Day Moving Average share price is recorded at 26.81. There are currently 879,769,427 shares in issue with the average daily volume traded being 1,154,388. Market capitalisation for LON:SAVP is £170,235,387 GBP.