Edge Resources Earns Buy Rating from Sanlam Securities (EDG)
Edge Resources (LON:EDG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Sanlam Securities in a research note issued to investors on Monday. They currently have a GBX 14 ($0.23) price target on the stock. Sanlam Securities’ target price indicates a potential upside of 11.78% from the stock’s previous close.
Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Edge Resources in a research note on Friday, July 25th.
Shares of Edge Resources (LON:EDG) opened at 12.71 on Monday. Edge Resources has a 52 week low of GBX 5.50 and a 52 week high of GBX 15.97. The stock’s 50-day moving average is GBX 10.92 and its 200-day moving average is GBX 9.24.
Edge Resources Inc is engaged in the acquisition, exploration, development and production of oil and natural gas.
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