Genel Energy PLC (LON:GENL)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a report issued on Monday. They presently have a GBX 135 ($1.74) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 13.46% from the company’s current price.
A number of other brokerages have also recently weighed in on GENL. GMP Securities reiterated a “speculative buy” rating on shares of Genel Energy PLC in a research report on Tuesday, July 4th. Deutsche Bank AG lifted their price target on shares of Genel Energy PLC from GBX 63 ($0.81) to GBX 68 ($0.88) and gave the company a “sell” rating in a research report on Tuesday, May 16th. J P Morgan Chase & Co dropped their price target on shares of Genel Energy PLC from GBX 247 ($3.19) to GBX 109 ($1.41) and set an “overweight” rating for the company in a research report on Wednesday, May 17th. Barclays PLC dropped their price target on shares of Genel Energy PLC from GBX 100 ($1.29) to GBX 90 ($1.16) and set an “underweight” rating for the company in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC upgraded shares of Genel Energy PLC to a “hold” rating and lifted their price objective for the company from GBX 58 ($0.75) to GBX 145 ($1.87) in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 94.47 ($1.22).
Shares of Genel Energy PLC (GENL) opened at 154.00 on Monday. The stock has a 50 day moving average of GBX 133.12 and a 200 day moving average of GBX 95.81. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 166.50. The stock’s market cap is GBX 428.73 million.
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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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