The Savanna Energy Services Corp. (SVY) Price Target Cut to C$3.50

The Savanna Energy Services Corp. (SVY) Price Target Cut to C$3.50

Savanna Energy Services Corp. (TSE:SVY) had its price objective reduced by Raymond James Financial Inc. from C$3.75 to C$3.50 in a research report released on Friday morning.

A number of other analysts have also recently issued reports on SVY. AltaCorp Capital restated an outperform rating on shares of Savanna Energy Services Corp. in a research report on Tuesday, June 21st. TD Securities lowered their price objective on Savanna Energy Services Corp. from C$2.25 to C$2.00 and set a buy rating on the stock in a research report on Thursday, August 4th. Finally, Scotiabank restated a sector perform rating and set a C$2.50 price objective on shares of Savanna Energy Services Corp. in a research report on Friday, August 5th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$2.60.

Shares of Savanna Energy Services Corp. (TSE:SVY) opened at 1.39 on Friday. Savanna Energy Services Corp. has a 52 week low of $0.97 and a 52 week high of $1.98. The company’s 50 day moving average is $1.36 and its 200-day moving average is $1.51. The company’s market capitalization is $125.52 million.

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