Genel Energy PLC (GENL) Raised to Hold at Deutsche Bank AG
Genel Energy PLC (LON:GENL) was upgraded by investment analysts at Deutsche Bank AG to a “hold” rating in a research report issued to clients and investors on Friday. The brokerage presently has a GBX 154 ($2.02) price objective on the stock, up from their previous price objective of GBX 72 ($0.95). Deutsche Bank AG’s price objective suggests a potential upside of 17.11% from the company’s current price.
Several other research analysts also recently commented on the stock. Numis Securities Ltd increased their price objective on shares of Genel Energy PLC from GBX 135 ($1.77) to GBX 140 ($1.84) and gave the company a “buy” rating in a report on Wednesday, July 26th. GMP Securities reissued a “speculative buy” rating on shares of Genel Energy PLC in a report on Tuesday, July 4th. Macquarie reissued an “underperform” rating and set a GBX 41 ($0.54) price objective on shares of Genel Energy PLC in a report on Tuesday, June 20th. Jefferies Group LLC increased their price target on shares of Genel Energy PLC from GBX 37 ($0.49) to GBX 58 ($0.76) and gave the company an “underperform” rating in a report on Monday, July 24th. Finally, Barclays PLC increased their price target on shares of Genel Energy PLC from GBX 90 ($1.18) to GBX 155 ($2.04) and gave the company an “underweight” rating in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 110.80 ($1.46).
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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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