Galp Energia, SGPS (OTCMKTS:GLPEY – Get 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
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.
- Get a free copy of the StockNews.com research report on Galp Energia, SGPS (GLPEY)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Galp Energia SGPS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galp Energia SGPS and related companies with MarketBeat.com's FREE daily email newsletter.