Analysts Set Capricorn Energy PLC (LON:CNE) PT at GBX 223.86

Shares of Capricorn Energy PLC (LON:CNEGet Rating) have received an average rating of “Buy” from the seven ratings firms that are currently covering the stock, reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 223.86 ($2.92).

Several analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Capricorn Energy from GBX 235 ($3.06) to GBX 260 ($3.39) and gave the company a “speculative buy” rating in a research note on Thursday, April 7th. Berenberg Bank dropped their target price on Capricorn Energy from GBX 220 ($2.87) to GBX 215 ($2.80) and set a “hold” rating on the stock in a report on Wednesday, March 9th. Barclays raised their price objective on shares of Capricorn Energy from GBX 245 ($3.19) to GBX 285 ($3.71) and gave the company an “overweight” rating in a research report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capricorn Energy from GBX 221 ($2.88) to GBX 227 ($2.96) and gave the company an “overweight” rating in a report on Friday, February 25th.

Shares of CNE stock opened at GBX 200.20 ($2.61) on Friday. The company has a debt-to-equity ratio of 10.05, a current ratio of 8.71 and a quick ratio of 8.61. The firm has a market cap of £992.14 million and a P/E ratio of 1.51. Capricorn Energy has a 1-year low of GBX 122 ($1.59) and a 1-year high of GBX 231.20 ($3.01). The firm has a fifty day moving average of GBX 209.49 and a two-hundred day moving average of GBX 195.94.

In other Capricorn Energy news, insider Simon Thomson sold 451,560 shares of Capricorn Energy stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of GBX 223 ($2.91), for a total value of £1,006,978.80 ($1,312,195.47).

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.

Further Reading

Analyst Recommendations for Capricorn Energy (LON:CNE)

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