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Savannah Petroleum PLC 60.2% 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’ today 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 37 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 60.2% from today’s opening price of 23.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 0.7 points and increased 10.6 points respectively. The 52 week high for the share price is currently at 34.48 GBX while the 52 week low is 11.55 GBX.

Savannah Petroleum PLC has a 50 day moving average of 21.41 GBX and the 200 Day Moving Average price is recorded at 22.59. There are currently 879,769,427 shares in issue with the average daily volume traded being 1,736,180. Market capitalisation for LON:SAVP is £209,385,116 GBP.