Beaufort Securities Lowers Savannah Resources (SAV) Price Target to GBX 9.60

Savannah Resources (LON:SAV) had its price target cut by equities researchers at Beaufort Securities from GBX 10.70 ($0.15) to GBX 9.60 ($0.13) in a report issued on Tuesday. The brokerage currently has a “speculative buy” rating on the stock. Beaufort Securities’ target price suggests a potential upside of 55.34% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Northland Securities restated a “corporate” rating on shares of Savannah Resources in a research note on Thursday, January 25th. Northland Capital Partners restated a “corporate” rating on shares of Savannah Resources in a research note on Thursday, January 25th. Barclays began coverage on Savannah Resources in a research note on Monday. They set an “overweight” rating and a GBX 41 ($0.57) price target for the company. Finally, FinnCap restated a “corporate” rating and set a GBX 11 ($0.15) price target on shares of Savannah Resources in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. Savannah Resources presently has a consensus rating of “Buy” and an average price target of GBX 20.53 ($0.28).

Savannah Resources (LON SAV) traded up GBX 0.08 ($0.00) during trading on Tuesday, hitting GBX 6.18 ($0.09). The stock had a trading volume of 874,744 shares, compared to its average volume of 505,962. Savannah Resources has a twelve month low of GBX 4.62 ($0.06) and a twelve month high of GBX 6.92 ($0.10). The stock has a market capitalization of $39.70 and a PE ratio of -618.00.

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Savannah Resources Company Profile

Savannah Resources Plc is a United Kingdom-based multi -commodity and multi-geographic development company. The Company’s principal activities include the exploration for copper in Oman and enhancement of the Company’s heavy mineral sands Project in Mozambique. The Company’s segments include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments.

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