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

Jadestone Energy plc (LON:JSEGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 32.92 and last traded at GBX 32, with a volume of 2077207 shares trading hands. The stock had previously closed at GBX 31.25.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JSE. Stifel Nicolaus raised shares of Jadestone Energy to a “buy” rating and set a GBX 70 price target for the company in a report on Tuesday, April 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 74 price target on shares of Jadestone Energy in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 64.67.

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Jadestone Energy Trading Down 1.2%

The company has a debt-to-equity ratio of 278.95, a current ratio of 0.94 and a quick ratio of 2.08. The company’s fifty day moving average is GBX 28.68 and its 200-day moving average is GBX 25.49. The stock has a market cap of £174.55 million, a PE ratio of 8.03 and a beta of 0.12.

About Jadestone Energy

(Get Free Report)

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.

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