Good Energy Group (LON:GOOD) Stock Price Up 0.7% – Here’s Why

Posted by Chris Copeland on Dec 14th, 2024

Good Energy Group PLC (LON:GOOD – Get Free Report) was up 0.7% on Thursday . The stock traded as high as GBX 384.30 ($4.85) and last traded at GBX 382.50 ($4.83). Approximately 18,261 shares were traded during trading, a decline of 57% from the average daily volume of 42,055 shares. The stock had previously closed at GBX 380 ($4.80).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 500 ($6.31) price target on shares of Good Energy Group in a research report on Tuesday, September 17th.

Check Out Our Latest Stock Analysis on GOOD

Good Energy Group Stock Performance

The stock’s 50-day simple moving average is GBX 330.57 and its two-hundred day simple moving average is GBX 285.16. The company has a debt-to-equity ratio of 12.57, a current ratio of 1.48 and a quick ratio of 1.05. The firm has a market capitalization of £69.77 million, a P/E ratio of -980.77 and a beta of 0.80.

Good Energy Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a GBX 1.10 ($0.01) dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.44%. Good Energy Group’s payout ratio is presently -769.23%.

About Good Energy Group

(Get Free Report)

Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom. The company generates electric power by wind turbine and solar panels. It also sells gas; and provides services related to micro-renewable generation, as well as offers EV market data services.