Jadestone Energy (LON:JSE) Hits New 1-Year High – Time to Buy?

Jadestone Energy plc (LON:JSE – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 42 and last traded at GBX 41, with a volume of 4,061,605 shares changing hands. The stock had previously closed at GBX 41.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 71 price target on shares of Jadestone Energy in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Jadestone Energy has a consensus rating of “Buy” and a consensus price target of GBX 70.50.

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Jadestone Energy Price Performance

The firm has a market capitalization of £223.42 million, a PE ratio of -1.46 and a beta of 0.13. The company has a current ratio of 2.27, a quick ratio of 2.08 and a debt-to-equity ratio of -276.87. The firm has a 50-day moving average of GBX 35.70 and a two-hundred day moving average of GBX 31.79.

Jadestone Energy Company Profile

(Get Free Report)

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.

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