Genel Energy PLC (LON:GENL) Receives GBX 159.89 Average Target Price from Brokerages
Shares of Genel Energy PLC (LON:GENL) have received a consensus rating of “Hold” from the fourteen research firms that are presently covering the company. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 159.89 ($2.09).
GENL has been the subject of a number of research analyst reports. Macquarie upped their price objective on shares of Genel Energy PLC from GBX 118 ($1.54) to GBX 133 ($1.74) and gave the company a “neutral” rating in a research report on Monday, July 11th. Deutsche Bank AG reissued a “sell” rating on shares of Genel Energy PLC in a research note on Thursday. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 85 ($1.11) target price on shares of Genel Energy PLC in a research note on Friday, July 29th. Barclays PLC raised shares of Genel Energy PLC to an “equal weight” rating and set a GBX 130 ($1.70) target price on the stock in a research note on Friday, July 29th. Finally, Numis Securities Ltd lowered their target price on shares of Genel Energy PLC from GBX 220 ($2.87) to GBX 210 ($2.74) and set a “buy” rating on the stock in a research note on Monday, July 25th.
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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