Good Energy Group (LON:GOOD) Shares Up 0.7% – Should You Buy?

Posted by Doug Wharley on Dec 14th, 2024

Good Energy Group PLC (LON:GOOD – Get Free Report) was up 0.7% during trading on Thursday . The company traded as high as GBX 384.30 ($4.85) and last traded at GBX 382.50 ($4.83). Approximately 18,261 shares changed hands during trading, a decline of 57% from the average daily volume of 42,055 shares. The stock had previously closed at GBX 380 ($4.80).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 500 ($6.31) target price on shares of Good Energy Group in a research report on Tuesday, September 17th.

View Our Latest Stock Analysis on Good Energy Group

Good Energy Group Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 12.57. The company has a fifty day simple moving average of GBX 330.57 and a 200 day simple moving average of GBX 285.16. The firm 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 firm also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a GBX 1.10 ($0.01) dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.44%. Good Energy Group’s dividend payout ratio (DPR) is presently -769.23%.

Good Energy Group Company Profile

(Get Free Report)

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.