Jadestone Energy (LON:JSE) Sets New 12-Month High – Here’s Why

Jadestone Energy plc (LON:JSE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 38 and last traded at GBX 37.39, with a volume of 1606040 shares trading hands. The stock had previously closed at GBX 37.10.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 71 price objective on shares of Jadestone Energy in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Jadestone Energy presently has a consensus rating of “Buy” and an average target price of GBX 63.67.

Jadestone Energy Trading Down 2.2%

The company’s fifty day simple moving average is GBX 32 and its two-hundred day simple moving average is GBX 29.98. The company has a market capitalization of £195.90 million, a price-to-earnings ratio of -1.28 and a beta of 0.14. The company has a quick ratio of 2.08, a current ratio of 2.27 and a debt-to-equity ratio of -276.87.

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.