Capricorn Energy (LON:CNE) Reaches New 12-Month High – Should You Buy?

Capricorn Energy PLC (LON:CNE)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 341.77 ($4.16) and last traded at GBX 330 ($4.02), with a volume of 71443 shares trading hands. The stock had previously closed at GBX 325 ($3.95).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 260 ($3.16) price target on shares of Capricorn Energy in a report on Tuesday, September 24th.

Capricorn Energy Price Performance

The business has a 50 day simple moving average of GBX 269.70 and a 200-day simple moving average of GBX 229.55. The company has a market capitalization of £230.77 million, a P/E ratio of -767.44, a PEG ratio of -1.92 and a beta of 1.35. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44.

About Capricorn Energy