JPMorgan Chase & Co. Increases Galp Energia, SGPS (OTCMKTS:GLPEY) Price Target to €15.00

Galp Energia, SGPS (OTCMKTS:GLPEYGet Rating) had its price target upped by stock analysts at JPMorgan Chase & Co. from €14.50 ($15.76) to €15.00 ($16.30) in a report released on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the energy company’s stock.

Several other analysts have also recently weighed in on GLPEY. UBS Group cut shares of Galp Energia, SGPS from a “buy” rating to a “neutral” rating in a research note on Tuesday. Morgan Stanley reduced their price target on Galp Energia, SGPS from €11.50 ($12.50) to €10.40 ($11.30) in a research report on Thursday, October 20th. The Goldman Sachs Group raised Galp Energia, SGPS from a “neutral” rating to a “buy” rating in a research note on Sunday, November 6th. Finally, Royal Bank of Canada lowered Galp Energia, SGPS from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.23.

Galp Energia, SGPS Trading Up 1.0 %

GLPEY opened at $6.89 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.05. Galp Energia, SGPS has a fifty-two week low of $4.36 and a fifty-two week high of $6.94. The company’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $5.54. The firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of -689.00 and a beta of 0.69.

About Galp Energia, SGPS

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Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Energy Management, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Angola.

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