Canaccord Genuity Group Cuts Capricorn Energy (LON:CNE) Price Target to GBX 300

Capricorn Energy (LON:CNE) had its price target reduced by research analysts at Canaccord Genuity Group from GBX 360 ($4.66) to GBX 300 ($3.88) in a report released on Friday, MarketBeat Ratings reports. The brokerage currently has a “speculative buy” rating on the oil and gas development company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 18.11% from the stock’s current price.

Separately, Shore Capital restated a “buy” rating on shares of Capricorn Energy in a report on Thursday.

Capricorn Energy Price Performance

Shares of CNE stock opened at GBX 254 ($3.29) on Friday. Capricorn Energy has a twelve month low of GBX 157.60 ($2.04) and a twelve month high of GBX 341.77 ($4.42). The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44. The stock has a fifty day simple moving average of GBX 282.49 and a two-hundred day simple moving average of GBX 257. The stock has a market capitalization of £224.43 million, a price-to-earnings ratio of -2.52, a P/E/G ratio of -1.92 and a beta of 1.35.

About Capricorn Energy