Canaccord Genuity Group Reaffirms “Buy” Rating for Good Energy Group (LON:GOOD)

Canaccord Genuity Group reiterated their buy rating on shares of Good Energy Group (LON:GOOD) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 500 ($6.61) price target on the stock.

Good Energy Group Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.47 and a debt-to-equity ratio of 14.80. The business has a fifty day simple moving average of GBX 263.85 and a 200 day simple moving average of GBX 261.66. Good Energy Group has a 52 week low of GBX 160 ($2.11) and a 52 week high of GBX 426 ($5.63). The company has a market cap of £45.78 million, a P/E ratio of 1,476.47 and a beta of 0.80.

Good Energy Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be issued a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.44%. Good Energy Group’s dividend payout ratio (DPR) is 1,764.71%.

Good Energy Group Company Profile

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.