Jadestone Energy’s (JSE) “Buy” Rating Reaffirmed at Stifel Nicolaus

Jadestone Energy (LON:JSE)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 70 target price on the stock. Stifel Nicolaus’ target price suggests a potential upside of 133.33% from the company’s previous close.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 68 target price on shares of Jadestone Energy in a report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Jadestone Energy has a consensus rating of “Buy” and an average target price of GBX 62.67.

Jadestone Energy Trading Up 2.4%

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

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.