Today, Savanna Energy Services Corp. (SVY) Upgrade by GMP Securities to “Buy”

Today, Savanna Energy Services Corp. (SVY) Upgrade by GMP Securities to “Buy”

GMP Securities upgraded shares of Savanna Energy Services Corp. (TSE:SVY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Other equities analysts have also issued reports about the stock. TD Securities cut their price objective on shares of Savanna Energy Services Corp. from C$2.25 to C$2.00 and set a buy rating on the stock in a report on Thursday, August 4th. Scotiabank lifted their price objective on shares of Savanna Energy Services Corp. from C$2.50 to C$3.00 and gave the company an outperform rating in a report on Thursday, November 10th. Finally, Raymond James Financial Inc. cut their price objective on shares of Savanna Energy Services Corp. from C$3.75 to C$3.50 in a report on Friday, October 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$2.62.

Shares of Savanna Energy Services Corp. (TSE:SVY) opened at 1.59 on Wednesday. The firm’s 50-day moving average is $1.43 and its 200-day moving average is $1.49. The stock’s market capitalization is $143.58 million. Savanna Energy Services Corp. has a 52 week low of $0.97 and a 52 week high of $1.98.

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