Shore Capital Reiterates Buy Rating for Capricorn Energy (LON:CNE)

Key Points

• Shore Capital has reiterated its "buy" rating for Capricorn Energy (LON:CNE) with a target price of GBX 438, suggesting a potential upside of 104.01%.
• Other analysts have also rated Capricorn Energy as a "buy", with an average target price of GBX 342.
• Capricorn Energy focuses on cash flow from its onshore exploration and production assets, primarily located in the Egyptian Western Desert.

Capricorn Energy (LON:CNE - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Shore Capital in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 438 target price on the oil and gas development company's stock. Shore Capital's price objective indicates a potential upside of 104.01% from the stock's previous close.

CNE has been the subject of a number of other reports. Canaccord Genuity Group restated a "buy" rating and set a GBX 360 price objective on shares of Capricorn Energy in a research report on Thursday, September 18th. Peel Hunt restated a "buy" rating and set a GBX 310 price target on shares of Capricorn Energy in a report on Thursday, September 18th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of GBX 342.

Capricorn Energy Stock Up 0.3%

Shares of LON:CNE opened at GBX 214.70 on Monday. The company has a market cap of £147.26 million, a PE ratio of 1,533.57, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The firm has a 50 day simple moving average of GBX 216.31 and a 200 day simple moving average of GBX 225.48. The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56. Capricorn Energy has a 52 week low of GBX 185.48 and a 52 week high of GBX 341.77.

About Capricorn Energy

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

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