Good Energy Group (LON:GOOD) Trading Up 0.7% – Here’s Why

Good Energy Group PLC (LON:GOOD) shares rose 0.7% on Thursday . The company traded as high as GBX 384.30 ($4.87) and last traded at GBX 382.50 ($4.85). Approximately 18,261 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 42,055 shares. The stock had previously closed at GBX 380 ($4.82).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 500 ($6.34) price target on shares of Good Energy Group in a research report on Tuesday, September 17th.

Good Energy Group Stock Up 0.7 %

The firm has a 50 day moving average of GBX 328.12 and a 200-day moving average of GBX 284.50. The company has a debt-to-equity ratio of 12.57, a current ratio of 1.48 and a quick ratio of 1.05. The stock has a market capitalization of £69.77 million, a P/E ratio of -980.77 and a beta of 0.80.

Good Energy Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a dividend of GBX 1.10 ($0.01) per share. This represents a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, September 26th. Good Energy Group’s dividend payout ratio is presently -769.23%.

Good Energy Group Company Profile

Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom. The company generates electric power by wind turbine and solar panels. It also sells gas; and provides services related to micro-renewable generation, as well as offers EV market data services.