Capricorn Energy (LON:CNE) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Capricorn Energy (LON:CNE) in a research report released on Thursday, Marketbeat.com reports. They currently have a GBX 360 price target on the oil and gas development company’s stock.

A number of other research analysts have also commented on the stock. Peel Hunt restated a “buy” rating and issued a GBX 310 price objective on shares of Capricorn Energy in a research note on Thursday. Shore Capital restated a “buy” rating on shares of Capricorn Energy in a research report on Wednesday, September 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 310.

Capricorn Energy Stock Performance

Shares of CNE opened at GBX 219.50 on Thursday. The company’s 50 day simple moving average is GBX 217.08 and its 200-day simple moving average is GBX 226.33. The firm has a market cap of £150.55 million, a PE ratio of 1,567.86, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. Capricorn Energy has a 12-month low of GBX 185.48 and a 12-month high of GBX 341.77. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44.

Capricorn Energy Company Profile

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert.

Capricorn is headquartered in Edinburgh, Scotland.

For further information please see: www.capricornenergy.com