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Investment analysts at Daniel Stewart & Co began coverage on shares of Amedeo Resources PLC (LON:AMED) in a note issued to investors on Thursday, Analyst Ratings News reports. The firm set a “buy” rating and a GBX 2 ($0.03) price target on the stock. Daniel Stewart & Co’s target price points to a potential upside of 247.83% from the stock’s previous close.

Separately, analysts at Beaufort Securities initiated coverage on shares of Amedeo Resources PLC in a research note to investors on Friday, January 24th. They set a “speculative buy” rating on the stock.

Amedeo Resources PLC (LON:AMED) traded up 3.60% during mid-day trading on Thursday, hitting GBX 0.575. 5,827,981 shares of the company’s stock traded hands. Amedeo Resources PLC has a 1-year low of GBX 0.40 and a 1-year high of GBX 0.75. The stock has a 50-day moving average of GBX 0.48 and a 200-day moving average of GBX 0.52.

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