Jadestone Energy (LON:JSE) Reaches New 12-Month High – Here’s What Happened

Shares of Jadestone Energy plc (LON:JSE) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 32 and last traded at GBX 30, with a volume of 10238920 shares trading hands. The stock had previously closed at GBX 29.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a GBX 70 price target on shares of Jadestone Energy in a research report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 64 price objective on shares of Jadestone Energy in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 61.33.

Jadestone Energy Trading Down 6.4%

The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of 278.95. The firm has a market capitalization of £155.87 million, a P/E ratio of 7.19 and a beta of 0.40. The firm’s 50-day simple moving average is GBX 24.88 and its 200-day simple moving average is GBX 23.16.

Jadestone Energy Company Profile

Jadestone Energy is a leading upstream oil and gas company in the Asia Pacific region, with a focus on production and near-term development assets.