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Research analysts at Sanlam Securities upped their price target on shares of Edge Resources (LON:EDG) from GBX 10 ($0.17) to GBX 14 ($0.24) in a report released on Friday. The firm currently has a “buy” rating on the stock. Sanlam Securities’ price objective suggests a potential upside of 24.44% from the stock’s previous close.

Shares of Edge Resources (LON:EDG) opened at 12.00 on Friday. Edge Resources has a 1-year low of GBX 5.50 and a 1-year high of GBX 15.00. The stock has a 50-day moving average of GBX 8.25 and a 200-day moving average of GBX 7.19.

Other equities research analysts have also recently issued reports about the stock. Analysts at SP Angel reiterated a “buy” rating on shares of Edge Resources in a research note on Thursday, May 8th.

Edge Resources Inc (LON:EDG) is a junior oil and gas company.

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