Berenberg Bank Reiterates Buy Rating for Jadestone Energy (LON:JSE)

Jadestone Energy (LON:JSE)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 74 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 146.67% from the company’s current price.

Separately, Stifel Nicolaus upgraded Jadestone Energy to a “buy” rating and set a GBX 70 price objective for the company in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 64.67.

Jadestone Energy Stock Down 4.8%

JSE opened at GBX 30 on Wednesday. The company has a market cap of £163.48 million, a PE ratio of -1.50 and a beta of 0.12. Jadestone Energy has a twelve month low of GBX 17 and a twelve month high of GBX 35. The company has a 50-day moving average price of GBX 30.31 and a 200 day moving average price of GBX 27.82. The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of -244.86.

About Jadestone Energy

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.