Capricorn Energy (LON:CNE) Hits New 1-Year High – Should You Buy?

Shares of Capricorn Energy PLC (LON:CNE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 320 ($3.91) and last traded at GBX 318.50 ($3.89), with a volume of 49000 shares trading hands. The stock had previously closed at GBX 315 ($3.85).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 260 ($3.17) price objective on shares of Capricorn Energy in a report on Tuesday, September 24th.

Capricorn Energy Stock Performance

The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44. The company has a 50-day moving average price of GBX 255.93 and a two-hundred day moving average price of GBX 223.29. The stock has a market capitalization of £230.77 million, a P/E ratio of -767.44, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35.

Capricorn Energy Company Profile