Canaccord Genuity Group Boosts Star Energy Group (LON:STAR) Price Target to GBX 66

Star Energy Group (LON:STAR) had its price objective raised by investment analysts at Canaccord Genuity Group from GBX 55 ($0.68) to GBX 66 ($0.82) in a research note issued to investors on Wednesday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 461.70% from the stock’s current price.

Star Energy Group Price Performance

STAR traded up GBX 0.30 ($0.00) during trading on Wednesday, reaching GBX 11.75 ($0.15). 713,752 shares of the company traded hands, compared to its average volume of 643,445. The company has a debt-to-equity ratio of 21.72, a quick ratio of 0.38 and a current ratio of 0.67. Star Energy Group has a 12-month low of GBX 7.12 ($0.09) and a 12-month high of GBX 14.98 ($0.19). The firm has a fifty day simple moving average of GBX 8.78 and a 200 day simple moving average of GBX 9.82. The company has a market cap of £15.12 million, a P/E ratio of -48.96 and a beta of -0.13.

Star Energy Group Company Profile

Star Energy Group Plc operates as an oil and gas development, exploration, processing, and production company in the United Kingdom. The company holds interests in the 50 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.