Jadestone Energy (LON:JSE) Sets New 12-Month High – Time to Buy?

Jadestone Energy plc (LON:JSE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 38 and last traded at GBX 37.30, with a volume of 1395092 shares changing hands. The stock had previously closed at GBX 37.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 71 price objective on shares of Jadestone Energy in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 63.67.

Jadestone Energy Stock Performance

The firm has a 50 day moving average of GBX 30.97 and a 200-day moving average of GBX 29.44. The company has a market cap of £203.26 million, a P/E ratio of -1.33 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.

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.