Genel Energy PLC (GENL) Receives GBX 111.03 Consensus Target Price from Analysts
Shares of Genel Energy PLC (LON:GENL) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 111.03 ($1.47).
Several research analysts have weighed in on GENL shares. Deutsche Bank AG cut their price target on Genel Energy PLC from GBX 68 ($0.90) to GBX 67 ($0.88) and set a “sell” rating for the company in a report on Thursday, July 6th. Barclays PLC cut their price target on Genel Energy PLC from GBX 100 ($1.32) to GBX 90 ($1.19) and set an “underweight” rating for the company in a report on Wednesday, July 12th. Jefferies Group LLC boosted their price target on Genel Energy PLC from GBX 37 ($0.49) to GBX 58 ($0.77) and gave the company an “underperform” rating in a report on Monday, July 24th. Finally, Numis Securities Ltd boosted their price target on Genel Energy PLC from GBX 135 ($1.78) to GBX 140 ($1.85) and gave the company a “buy” rating in a report on Wednesday, July 26th.
Genel Energy PLC (LON:GENL) traded down GBX 2.75 ($0.04) on Friday, reaching GBX 119.25 ($1.57). 385,058 shares of the company’s stock were exchanged.
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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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