Goldman Sachs Group upgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Tuesday, November 13th. Deutsche Bank upgraded shares of GALP ENERGIA SG/ADR from a sell rating to a buy rating in a research note on Monday, December 10th. Finally, ValuEngine cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $8.50.
OTCMKTS GLPEY opened at $7.79 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. GALP ENERGIA SG/ADR has a 1 year low of $7.50 and a 1 year high of $10.43.
About GALP ENERGIA SG/ADR
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.
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