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

Capricorn Energy (LON:CNE) had its price target reduced by Canaccord Genuity Group from GBX 360 ($4.65) to GBX 300 ($3.88) in a report published on Friday, MarketBeat Ratings reports. They currently have a speculative buy rating on the oil and gas development company’s stock.

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

Capricorn Energy Stock Performance

LON CNE opened at GBX 254 ($3.28) on Friday. The company has a market capitalization of £224.43 million, a price-to-earnings ratio of -2.52, a PEG ratio of -1.92 and a beta of 1.35. 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 stock has a fifty day simple moving average of GBX 282.49 and a 200 day simple moving average of GBX 257. 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