Capricorn Energy (LON:CNE) Rating Increased to Neutral at JPMorgan Chase & Co.

Capricorn Energy (LON:CNEGet Rating) was upgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has a GBX 243 ($2.98) price target on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.41% from the stock’s current price.

A number of other analysts have also issued reports on CNE. Berenberg Bank raised their target price on shares of Capricorn Energy from GBX 215 ($2.63) to GBX 225 ($2.76) and gave the stock a “hold” rating in a research report on Friday, June 10th. Barclays raised their target price on shares of Capricorn Energy from GBX 245 ($3.00) to GBX 285 ($3.49) and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Finally, Canaccord Genuity Group raised their target price on shares of Capricorn Energy from GBX 235 ($2.88) to GBX 260 ($3.18) and gave the stock a “speculative buy” rating in a research report on Thursday, April 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 227.57 ($2.79).

Shares of LON CNE opened at GBX 212.40 ($2.60) on Wednesday. Capricorn Energy has a 1 year low of GBX 122 ($1.49) and a 1 year high of GBX 238.80 ($2.93). The firm’s 50 day moving average price is GBX 206.96 and its 200 day moving average price is GBX 203.09. The firm has a market cap of £675.94 million and a P/E ratio of 1.51. The company has a debt-to-equity ratio of 10.05, a quick ratio of 8.61 and a current ratio of 8.71.

In other Capricorn Energy news, insider Simon Thomson sold 451,560 shares of Capricorn Energy stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of GBX 223 ($2.73), for a total value of £1,006,978.80 ($1,233,438.02).

Capricorn Energy Company Profile (Get Rating)

Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America.

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Analyst Recommendations for Capricorn Energy (LON:CNE)

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