Jadestone Energy (LON:JSE) Sets New 12-Month High – Here’s What Happened

Jadestone Energy plc (LON:JSE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 38 and last traded at GBX 37.30, with a volume of 1395092 shares. The stock had previously closed at GBX 37.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated 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 MarketBeat, Jadestone Energy presently has a consensus rating of “Buy” and a consensus target price of GBX 63.67.

Jadestone Energy Stock Performance

The company has a market cap of £201.63 million, a P/E ratio of -1.32 and a beta of 0.14. The stock has a 50 day moving average price of GBX 31.32 and a two-hundred day moving average price of GBX 29.62. 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

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.