Jadestone Energy (LON:JSE) Reaches New 52-Week High – What’s Next?

Jadestone Energy plc (LON:JSE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 34 and last traded at GBX 33.80, with a volume of 1473787 shares trading hands. The stock had previously closed at GBX 32.80.

Analysts Set New Price Targets

JSE has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 74 price objective on shares of Jadestone Energy in a research note on Tuesday, May 19th. Stifel Nicolaus raised shares of Jadestone Energy to a “buy” rating and set a GBX 70 price target for the company in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 64.67.

Jadestone Energy Trading Up 3.0%

The company has a market capitalization of £183.70 million, a P/E ratio of 8.45 and a beta of 0.12. The stock’s 50 day moving average is GBX 28.90 and its 200-day moving average is GBX 25.62. The company has a debt-to-equity ratio of -244.86, a current ratio of 0.94 and a quick ratio of 2.08.

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.