Genel Energy PLC (GENL) Receives “Sell” Rating from Deutsche Bank AG
A number of other research analysts have also recently commented on the stock. Canaccord Genuity restated a buy rating and issued a GBX 195 ($2.55) price target on shares of Genel Energy PLC in a report on Wednesday, August 31st. Macquarie restated a neutral rating and issued a GBX 133 ($1.74) price target on shares of Genel Energy PLC in a report on Friday, August 5th. Credit Suisse Group AG reiterated an underperform rating and set a GBX 85 ($1.11) target price on shares of Genel Energy PLC in a report on Friday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Genel Energy PLC from GBX 237 ($3.09) to GBX 247 ($3.22) and gave the stock an overweight rating in a report on Friday, July 29th. Finally, Jefferies Group increased their target price on shares of Genel Energy PLC from GBX 62 ($0.81) to GBX 78 ($1.02) and gave the stock an underperform rating in a report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 154.15 ($2.01).
Shares of Genel Energy PLC (LON:GENL) opened at 97.25 on Thursday. Genel Energy PLC has a 52-week low of GBX 71.75 and a 52-week high of GBX 389.50. The stock’s market capitalization is GBX 270.73 million. The stock has a 50 day moving average of GBX 98.21 and a 200 day moving average of GBX 110.17.
Genel Energy PLC Company Profile
Genel Energy Plc is a holding company. The Company is engaged in the business of oil and gas exploration and production in the Kurdistan Region of Iraq (KRI). The Company’s segments include Kurdistan and Africa. The Company has interests in approximately two producing fields in the Kurdistan Region of Iraq, Taq Taq and Tawke, with access to local and international markets.
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