Genel Energy PLC (GENL) Upgraded to “Hold” at Jefferies Group
Genel Energy PLC (LON:GENL) was upgraded by analysts at Jefferies Group to a “hold” rating in a note issued to investors on Friday. The firm currently has a GBX 78 ($0.97) target price on the stock. Jefferies Group’s price objective points to a potential upside of 8.33% from the company’s current price.
A number of other research firms have also recently commented on GENL. Deutsche Bank AG reissued a “sell” rating on shares of Genel Energy PLC in a research report on Thursday, September 29th. Barclays PLC decreased their price target on shares of Genel Energy PLC from GBX 130 ($1.62) to GBX 120 ($1.50) and set an “equal weight” rating for the company in a report on Friday, October 28th. Numis Securities Ltd decreased their price target on shares of Genel Energy PLC from GBX 210 ($2.62) to GBX 180 ($2.25) and set a “buy” rating for the company in a report on Wednesday, October 26th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 85 ($1.06) price target on shares of Genel Energy PLC in a report on Friday, July 29th. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 133 ($1.66) price target on shares of Genel Energy PLC in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Genel Energy PLC has an average rating of “Hold” and a consensus target price of GBX 147.07 ($1.84).
Genel Energy PLC (LON:GENL) opened at 72.00 on Friday. The company has a 50-day moving average of GBX 87.52 and a 200 day moving average of GBX 107.69. Genel Energy PLC has a one year low of GBX 66.93 and a one year high of GBX 268.50. The company’s market cap is GBX 200.44 million.
About Genel Energy PLC
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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