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

Jadestone Energy plc (LON:JSE) hit a new 52-week high during trading on Friday . The company traded as high as GBX 27.50 and last traded at GBX 26.50, with a volume of 3294118 shares trading hands. The stock had previously closed at GBX 25.10.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 68 price target on shares of Jadestone Energy in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Jadestone Energy has an average rating of “Buy” and a consensus target price of GBX 59.

Jadestone Energy Price Performance

The company’s 50-day simple moving average is GBX 24.02 and its 200 day simple moving average is GBX 22.62. The company has a market capitalization of £143.67 million, a P/E ratio of 6.63 and a beta of 0.40. The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of 278.95.

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.