Galp Energia, SGPS (OTCMKTS:GLPEY) Lifted to “Outperform” at Royal Bank of Canada

Galp Energia, SGPS (OTCMKTS:GLPEYGet Rating) was upgraded by Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Thursday, The Fly reports.

Several other research firms have also commented on GLPEY. The Goldman Sachs Group lowered Galp Energia, SGPS from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 13th. Morgan Stanley lowered their price target on Galp Energia, SGPS from €12.20 ($12.98) to €11.50 ($12.23) and set an “underweight” rating for the company in a research report on Wednesday, May 11th. Zacks Investment Research downgraded Galp Energia, SGPS from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. JPMorgan Chase & Co. upped their target price on Galp Energia, SGPS from €12.50 ($13.30) to €13.00 ($13.83) in a research report on Wednesday, April 20th. Finally, Barclays upped their target price on Galp Energia, SGPS from €13.00 ($13.83) to €14.00 ($14.89) and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.16.

OTCMKTS GLPEY opened at $6.17 on Thursday. Galp Energia, SGPS has a fifty-two week low of $4.55 and a fifty-two week high of $6.63. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of -61.70 and a beta of 0.79. The business has a fifty day moving average of $6.00 and a 200-day moving average of $5.52. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 0.75.

Galp Energia, SGPS Company Profile (Get Rating)

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Energy Management, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Angola.

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