Galp Energia, SGPS (OTCMKTS:GLPEY) PT Raised to €15.00 at JPMorgan Chase & Co.

Galp Energia, SGPS (OTCMKTS:GLPEY – Get Rating) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from €14.50 ($15.76) to €15.00 ($16.30) in a report released on Thursday, The Fly reports. The firm currently has an “overweight” rating on the energy company’s stock.

GLPEY has been the subject of a number of other research reports. Morgan Stanley decreased their price objective on shares of Galp Energia, SGPS from €11.50 ($12.50) to €10.40 ($11.30) in a report on Thursday, October 20th. UBS Group lowered Galp Energia, SGPS from a “buy” rating to a “neutral” rating in a report on Tuesday. Royal Bank of Canada lowered Galp Energia, SGPS from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 14th. Finally, The Goldman Sachs Group upgraded Galp Energia, SGPS from a “neutral” rating to a “buy” rating in a research note on Sunday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.23.

Galp Energia, SGPS Trading Up 1.0 %

Shares of Galp Energia, SGPS stock opened at $6.89 on Thursday. The firm has a market cap of $11.43 billion, a PE ratio of -689.00 and a beta of 0.69. Galp Energia, SGPS has a 1 year low of $4.36 and a 1 year high of $6.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.05. The stock has a fifty day moving average price of $6.34 and a 200-day moving average price of $5.54.

Galp Energia, SGPS Company Profile

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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.