Peel Hunt has upgraded its target price for Capricorn Energy Plc (LON:CNE) to 340p from 310p, maintaining a Buy rating. The revision reflects optimism around production growth and commodity price resilience. Other brokers, including Shore Capital and Canaccord, also remain bullish, reinforcing investor confidence in the company’s outlook.
Key Highlights
Target Price Upgrade: Peel Hunt raised its target price for Capricorn Energy Plc to 340p from 310p, reaffirming a Buy rating. The upgrade signals stronger confidence in the company’s operational performance and commodity exposure.
Broker Consensus: Other analysts, including Shore Capital (438p target) and Canaccord Genuity (360p target), continue to maintain Buy recommendations, with the average consensus target at 369p.
Market Performance: As of mid-February 2026, Capricorn Energy shares traded around 259p, reflecting a significant upside potential of over 30% based on Peel Hunt’s revised target.
Operational Context: The company reported average production of 20,175 boepd in 2025, supported by stable oil and gas output. Analysts highlight Capricorn’s diversified portfolio and disciplined capital allocation as key strengths.
Investor Sentiment: The upgrade comes amid heightened interest in energy stocks, with copper and oil prices providing resilience against broader market volatility.
Valuation Note: Despite a relatively high P/E ratio of 73.5, analysts argue that Capricorn’s growth prospects and sector positioning justify optimism.
Contextual Insights
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Peel Hunt’s revision underscores confidence in Capricorn’s ability to deliver steady production growth.
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The consensus among brokers suggests strong upside potential, making Capricorn Energy a notable watch in the UK energy sector.
Sources: MarketBeat, MarketScreener, This is Money