Capricorn Energy (LON:CNE) Reaches New 52-Week High – Time to Buy?

Capricorn Energy PLC (LON:CNE) hit a new 52-week high on Wednesday . The stock traded as high as GBX 320 ($3.99) and last traded at GBX 318.50 ($3.97), with a volume of 49000 shares changing hands. The stock had previously closed at GBX 315 ($3.93).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.24) target price on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Price Performance

The firm’s 50 day moving average price is GBX 251.74 and its two-hundred day moving average price is GBX 221.40. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29. The stock has a market cap of £222.73 million, a PE ratio of -740.70, a P/E/G ratio of -1.92 and a beta of 1.35.

About Capricorn Energy