Jadestone Energy (LON:JSE) Reaches New 1-Year High – Time to Buy?

Jadestone Energy plc (LON:JSE)’s stock price reached a new 52-week high on Monday. The company traded as high as GBX 39 and last traded at GBX 38.70, with a volume of 2855214 shares. The stock had previously closed at GBX 38.50.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 71 price target on shares of Jadestone Energy in a research note on Thursday, August 27th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Jadestone Energy currently has a consensus rating of “Buy” and a consensus target price of GBX 63.67.

Jadestone Energy Trading Up 0.5%

The stock has a market capitalization of £210.89 million, a PE ratio of -1.38 and a beta of 0.14. The company’s 50 day moving average price is GBX 33.19 and its two-hundred day moving average price is GBX 30.65. The company has a debt-to-equity ratio of -276.87, a current ratio of 2.27 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.