GALP ENERGIA SG/ADR (GLPEY) Rating Lowered to Underweight at JPMorgan Chase & Co.

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JPMorgan Chase & Co. cut shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a neutral rating to an underweight rating in a research note published on Monday morning, The Fly reports.

Several other research analysts have also recently commented on GLPEY. Zacks Investment Research cut GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Tuesday, January 15th. ValuEngine raised GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Monday, January 7th. Finally, Deutsche Bank raised GALP ENERGIA SG/ADR from a sell rating to a buy rating in a research note on Monday, December 10th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of Hold and a consensus price target of $8.50.

GLPEY stock opened at $8.22 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. GALP ENERGIA SG/ADR has a 12-month low of $7.50 and a 12-month high of $10.43.

About GALP ENERGIA SG/ADR

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.

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The Fly

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

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