Goldman Sachs Group Upgrades GALP ENERGIA SG/ADR (GLPEY) to “Neutral”

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Goldman Sachs Group upgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a sell rating to a neutral rating in a research report report published on Monday morning, The Fly reports.

GLPEY has been the subject of several other reports. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Tuesday, November 13th. Deutsche Bank raised shares of GALP ENERGIA SG/ADR from a sell rating to a buy rating in a report on Monday, December 10th. Finally, ValuEngine cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. GALP ENERGIA SG/ADR has a consensus rating of Hold and an average target price of $11.00.

Shares of GLPEY stock opened at $7.62 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 1.72. GALP ENERGIA SG/ADR has a twelve month low of $7.50 and a twelve month high of $10.43.

GALP ENERGIA SG/ADR Company Profile

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.

Read More: Average Daily Trade Volume – ADTV

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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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