7. AFFORDABLE AND CLEAN ENERGY

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).

(Ad)

If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Capricorn Energy right now?

Before you consider Capricorn Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Capricorn Energy wasn’t on the list.

While Capricorn Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment