Shore Capital reiterated their buy rating on shares of Savannah Petroleum PLC (LON:SAVP) in a research report report published on Thursday morning.

Separately, Panmure Gordon reissued a buy rating and issued a GBX 70 ($0.87) price target on shares of Savannah Petroleum PLC in a research note on Tuesday, September 27th.

Shares of Savannah Petroleum PLC (LON:SAVP) traded down 0.442% during midday trading on Thursday, hitting GBX 28.125. 5,000 shares of the stock traded hands. The company’s 50 day moving average price is GBX 28.83 and its 200-day moving average price is GBX 27.69. Savannah Petroleum PLC has a 12-month low of GBX 23.63 and a 12-month high of GBX 38.00. The stock’s market cap is GBX 54.38 million.

About Savannah Petroleum PLC

Savannah Petroleum PLC is a United Kingdom-based oil and gas company. The Company’s principal activity is the management of its investment in Savannah Petroleum 1 Limited (SP1). SP1 is a subsidiary of the Company. SP1 is engaged in the management of its investment in Savannah Petroleum 2 Limited (SP2) and the provision of services to other companies within the Company.

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