Capricorn Energy (LON:CNE) Upgraded at JPMorgan Chase & Co. – MarketBeat

Written by Amanda

Capricorn Energy (LON:CNE) Upgraded at JPMorgan Chase & Co.  MarketBeat

Capricorn Energy (LON:CNEGet Rating) was upgraded by JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a GBX 243 ($2.98) target price on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 14.41% from the company’s current price.

CNE has been the subject of a number of other reports. Berenberg Bank boosted their target price on Capricorn Energy from GBX 215 ($2.63) to GBX 225 ($2.76) and gave the company a “hold” rating in a research report on Friday, June 10th. Canaccord Genuity Group boosted their target price on Capricorn Energy from GBX 235 ($2.88) to GBX 260 ($3.18) and gave the company a “speculative buy” rating in a research report on Thursday, April 7th. Finally, Barclays boosted their target price on Capricorn Energy from GBX 245 ($3.00) to GBX 285 ($3.49) and gave the company an “overweight” rating in a research report on Wednesday, April 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Capricorn Energy currently has an average rating of “Hold” and a consensus target price of GBX 227.57 ($2.79).


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Shares of Capricorn Energy stock opened at GBX 212.40 ($2.60) on Wednesday. Capricorn Energy has a one year low of GBX 122 ($1.49) and a one year high of GBX 238.80 ($2.93). The firm has a market capitalization of £675.94 million and a price-to-earnings ratio of 1.49. The business has a 50-day simple moving average of GBX 206.33 and a 200 day simple moving average of GBX 202.71. The company has a debt-to-equity ratio of 10.05, a current ratio of 8.71 and a quick ratio of 8.61.

In other Capricorn Energy news, insider Simon Thomson sold 451,560 shares of the business’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of GBX 223 ($2.73), for a total transaction of £1,006,978.80 ($1,233,438.02).

About Capricorn Energy (Get Rating)

Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America.

Further Reading

Analyst Recommendations for Capricorn Energy (LON:CNE)

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Source: marketbeat.com

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