TD Securities Lowers Savanna Energy Services Corp. (SVY) Price Target to C$1.75
Savanna Energy Services Corp. (TSE:SVY) had its target price decreased by research analysts at TD Securities from C$2.00 to C$1.75 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 26.81% from the company’s current price.
A number of other equities analysts have also commented on SVY. Scotiabank reissued a “sector perform” rating and issued a C$2.50 price target on shares of Savanna Energy Services Corp. in a report on Friday, August 5th. Raymond James Financial Inc. decreased their price target on shares of Savanna Energy Services Corp. from C$3.75 to C$3.50 in a report on Friday, October 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$2.62.
Shares of Savanna Energy Services Corp. (TSE:SVY) opened at 1.38 on Wednesday. The company’s market capitalization is $124.61 million. Savanna Energy Services Corp. has a 1-year low of $0.97 and a 1-year high of $1.98. The firm has a 50-day moving average of $1.38 and a 200 day moving average of $1.51.
About Savanna Energy Services Corp.
Savanna Energy Services Corp. (Savanna) is a drilling, well servicing and oilfield rentals company. The Company operates through three segments: corporate, services and drilling. The corporate segment provides management and administrative services to its subsidiaries and their respective operations.
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