Jadestone Energy (LON:JSE) Coverage Initiated by Analysts at Berenberg Bank

Key Points

• Analysts at Berenberg Bank have initiated coverage on Jadestone Energy, assigning a "buy" rating with a price target of GBX 68, indicating a potential upside of 209.44%.
• Peel Hunt also reiterated a "buy" rating with a price target of GBX 50, contributing to a consensus rating of "Buy" with an average target of GBX 59.
• Insider Gunter Waldner purchased nearly 4.9 million shares of Jadestone Energy, reflecting strong confidence from insiders, who collectively own 35.50% of the company's stock.

Equities researchers at Berenberg Bank began coverage on shares of Jadestone Energy (LON:JSE - Get Free Report) in a research note issued on Wednesday,Digital Look reports. The firm set a "buy" rating and a GBX 68 price target on the stock. Berenberg Bank's price objective suggests a potential upside of 209.44% from the company's previous close.

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

Jadestone Energy Trading Up 5.1%

Shares of Jadestone Energy stock opened at GBX 21.98 on Wednesday. The firm has a 50-day simple moving average of GBX 19.55 and a two-hundred day simple moving average of GBX 20.41. The company has a market cap of £118.91 million, a P/E ratio of -274.69 and a beta of 1.43. Jadestone Energy has a fifty-two week low of GBX 17 and a fifty-two week high of GBX 33. The company has a debt-to-equity ratio of 348.59, a quick ratio of 2.08 and a current ratio of 1.14.

Insider Activity at Jadestone Energy

In related news, insider Gunter Waldner bought 4,894,444 shares of the business's stock in a transaction dated Monday, July 21st. The stock was acquired at an average price of GBX 19 per share, with a total value of £929,944.36. Insiders have bought a total of 5,747,925 shares of company stock worth $109,210,575 over the last three months. 35.50% of the stock is 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.

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