Jadestone Energy (LON:JSE) Receives “Buy” Rating from Berenberg Bank

Jadestone Energy (LON:JSE)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 64 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 113.33% from the stock’s current price.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 70 price target on shares of Jadestone Energy in a report on Thursday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 61.33.

Jadestone Energy Trading Up 2.4%

Shares of LON JSE traded up GBX 0.70 during midday trading on Thursday, hitting GBX 30. 10,238,920 shares of the company traded hands, compared to its average volume of 2,239,748. Jadestone Energy has a 12-month low of GBX 17 and a 12-month high of GBX 32. The firm has a market cap of £162.65 million, a P/E ratio of 7.50 and a beta of 0.40. The stock has a 50-day moving average price of GBX 24.65 and a 200 day moving average price of GBX 23.05. The company has a debt-to-equity ratio of 278.95, a quick ratio of 2.08 and a current ratio of 0.94.

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.