GALP ENERGIA SG/ADR (GLPEY) Raised to “Neutral” at Goldman Sachs Group

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) was upgraded by research analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Monday, The Fly reports.

GLPEY has been the subject of a number of other reports. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Deutsche Bank upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “buy” rating in a research report on Monday, December 10th. Finally, ValuEngine lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Shares of GLPEY traded up $0.06 during trading hours on Monday, hitting $7.62. The company’s stock had a trading volume of 30,881 shares, compared to its average volume of 52,733. The company has a current ratio of 1.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. GALP ENERGIA SG/ADR has a 52-week low of $7.50 and a 52-week high of $10.43.

GALP ENERGIA SG/ADR Company Profile

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's Refining & Marketing of Oil Products segment 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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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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