Jefferies Group Weighs in on Galp Energia SGPS SA’s FY2017 Earnings (GLPEY)
Galp Energia SGPS SA (OTC:GLPEY) – Research analysts at Jefferies Group boosted their FY2017 EPS estimates for Galp Energia SGPS SA in a research report issued on Wednesday. Jefferies Group analyst M. Kofler now expects that the firm will earn $0.29 per share for the year, up from their previous estimate of $0.28. Jefferies Group also issued estimates for Galp Energia SGPS SA’s FY2018 earnings at $0.35 EPS.
Separately, Barclays PLC cut Galp Energia SGPS SA from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 1st.
Shares of Galp Energia SGPS SA (OTC:GLPEY) traded down 2.50% on Friday, hitting $6.62. 2,214 shares of the stock traded hands. Galp Energia SGPS SA has a 52-week low of $4.71 and a 52-week high of $7.64. The firm has a 50 day moving average price of $7.19 and a 200 day moving average price of $6.74. The firm has a market cap of $10.98 billion, a PE ratio of 163.46 and a beta of 0.67.
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