Jadestone Energy (LON:JSE) Hits New 52-Week High – Still a Buy?

Jadestone Energy plc (LON:JSE – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 42 and last traded at GBX 41, with a volume of 4,061,605 shares trading hands. The stock had previously closed at GBX 41.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 71 price target on shares of Jadestone Energy in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Jadestone Energy presently has an average rating of “Buy” and a consensus target price of GBX 70.50.

View Our Latest Stock Analysis on JSE

Jadestone Energy Price Performance

The firm has a market cap of £223.42 million, a price-to-earnings ratio of -1.46 and a beta of 0.13. The firm has a fifty day moving average price of GBX 35.70 and a 200-day moving average price of GBX 31.79. The company has a quick ratio of 2.08, a current ratio of 2.27 and a debt-to-equity ratio of -276.87.

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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