Analysts Set Genel Energy PLC (GENL) Price Target at $85.36
Genel Energy PLC (LON:GENL) has earned an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 85.36 ($1.11).
A number of analysts have recently weighed in on GENL shares. Deutsche Bank AG upped their target price on shares of Genel Energy PLC from GBX 63 ($0.82) to GBX 68 ($0.88) and gave the stock a “sell” rating in a research report on Tuesday, May 16th. J P Morgan Chase & Co reduced their target price on shares of Genel Energy PLC from GBX 247 ($3.21) to GBX 109 ($1.42) and set an “overweight” rating on the stock in a research report on Wednesday, May 17th. Jefferies Group LLC reduced their target price on shares of Genel Energy PLC from GBX 58 ($0.75) to GBX 37 ($0.48) and set an “underperform” rating on the stock in a research report on Wednesday, May 17th. Canaccord Genuity raised shares of Genel Energy PLC to a “speculative buy” rating and upped their target price for the stock from GBX 60 ($0.78) to GBX 95 ($1.23) in a research report on Friday, May 19th. Finally, GMP Securities reaffirmed a “speculative buy” rating on shares of Genel Energy PLC in a research report on Monday, June 12th.
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Genel Energy PLC (GENL) traded down 0.42% during midday trading on Tuesday, reaching GBX 118.00. 327,046 shares of the company’s stock were exchanged. The company’s market cap is GBX 329.09 million. Genel Energy PLC has a 12-month low of GBX 54.50 and a 12-month high of GBX 133.75. The firm has a 50-day moving average price of GBX 104.69 and a 200 day moving average price of GBX 85.96.
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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