Edge Resources Given “Buy” Rating at SP Angel (EDG)
Edge Resources (LON:EDG)‘s stock had its “buy” rating restated by equities researchers at SP Angel in a research report issued on Tuesday. They currently have a GBX 19 ($0.32) target price on the stock. SP Angel’s target price would suggest a potential upside of 65.22% from the company’s current price.
Shares of Edge Resources (LON:EDG) traded down 3.16% during mid-day trading on Tuesday, hitting GBX 11.50. The stock had a trading volume of 329,804 shares. 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 10.94 and its 200-day moving average is GBX 9.34.
A number of other analysts have also recently weighed in on EDG. Analysts at Sanlam Securities reiterated a “buy” rating on shares of Edge Resources in a research note on Monday. They now have a GBX 12.50 ($0.21) price target on the stock, down previously from GBX 14 ($0.23). Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Edge Resources in a research note on Friday, July 25th.
Edge Resources Inc is engaged in the acquisition, exploration, development and production of oil and natural gas.
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