Genel Energy PLC (GENL) Given “Underperform” Rating at Jefferies Group
Jefferies Group reaffirmed their underperform rating on shares of Genel Energy PLC (LON:GENL) in a research note published on Thursday morning. Jefferies Group currently has a GBX 78 ($1.02) price target on the stock.
A number of other analysts also recently weighed in on the company. Canaccord Genuity restated a buy rating and issued a GBX 195 ($2.55) target price on shares of Genel Energy PLC in a research report on Wednesday, August 31st. Numis Securities Ltd dropped their target price on Genel Energy PLC from GBX 220 ($2.87) to GBX 210 ($2.74) and set a buy rating for the company in a research report on Monday, July 25th. Deutsche Bank AG restated a sell rating on shares of Genel Energy PLC in a research report on Thursday, September 29th. Liberum Capital upgraded Genel Energy PLC to a buy rating and boosted their target price for the stock from GBX 100 ($1.31) to GBX 179 ($2.34) in a research report on Wednesday, June 29th. Finally, Credit Suisse Group AG restated an underperform rating and issued a GBX 85 ($1.11) target price on shares of Genel Energy PLC in a research report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Genel Energy PLC presently has a consensus rating of Hold and an average target price of GBX 154.15 ($2.01).
Shares of Genel Energy PLC (LON:GENL) traded down 0.24% during mid-day trading on Thursday, hitting GBX 102.00. 1,918,101 shares of the stock traded hands. The stock’s market cap is GBX 283.95 million. The firm’s 50-day moving average is GBX 97.78 and its 200-day moving average is GBX 110.87. Genel Energy PLC has a 52 week low of GBX 71.75 and a 52 week high of GBX 389.50.
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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