Berenberg Bank Initiates Coverage on Jadestone Energy (LON:JSE)

Equities research analysts at Berenberg Bank started coverage on shares of Jadestone Energy (LON:JSE) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a GBX 68 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 216.28% from the company’s previous close.

Separately, Peel Hunt restated a “buy” rating and issued a GBX 50 target price on shares of Jadestone Energy in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 59.

Jadestone Energy Stock Performance

Jadestone Energy stock opened at GBX 21.50 on Wednesday. The company’s 50-day moving average price is GBX 19.56 and its 200-day moving average price is GBX 20.39. Jadestone Energy has a twelve month low of GBX 17 and a twelve month high of GBX 33. The company has a quick ratio of 2.08, a current ratio of 1.14 and a debt-to-equity ratio of 348.59. The company has a market cap of £116.34 million, a PE ratio of -268.75 and a beta of 1.43.

Insider Activity at Jadestone Energy

In other news, insider Gunter Waldner purchased 4,894,444 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of GBX 19 per share, with a total value of £929,944.36. Over the last three months, insiders have bought 5,747,925 shares of company stock worth $109,210,575. 35.50% of the stock is currently owned by insiders.

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.