Societe Generale Upgrades GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) to “Buy”
Societe Generale upgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a hold rating to a buy rating in a research note released on Wednesday, The Fly reports.
Other equities research analysts have also issued reports about the company. Goldman Sachs Group lowered GALP ENERGIA SG/ADR from a buy rating to a neutral rating in a research note on Thursday, August 1st. Barclays raised GALP ENERGIA SG/ADR from an equal weight rating to an overweight rating in a research note on Wednesday, July 31st. Zacks Investment Research raised GALP ENERGIA SG/ADR from a hold rating to a buy rating and set a $8.00 price objective for the company in a research note on Monday, September 16th. Finally, ValuEngine raised GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $8.00.
Shares of GLPEY stock opened at $7.57 on Wednesday. GALP ENERGIA SG/ADR has a 1 year low of $6.84 and a 1 year high of $10.05. The stock has a market cap of $12.49 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. The business’s fifty day moving average is $7.18 and its 200-day moving average is $7.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.40.
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.
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