Genel Energy plc (LON:GENL)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 152.16 ($1.99) and traded as high as GBX 167.40 ($2.19). Genel Energy shares last traded at GBX 166.20 ($2.17), with a volume of 1,158,831 shares trading hands.
Separately, Canaccord Genuity raised Genel Energy to a “buy” rating and raised their price objective for the company from GBX 195 ($2.55) to GBX 210 ($2.74) in a research note on Wednesday, March 31st.
The company has a debt-to-equity ratio of 38.51, a current ratio of 2.16 and a quick ratio of 2.16. The company has a market capitalization of £461.49 million and a P/E ratio of -1.52. The company has a 50 day moving average of GBX 171.45 and a 200-day moving average of GBX 152.16.
About Genel Energy (LON:GENL)
Genel Energy plc, through its subsidiaries, engages in the oil and gas exploration and production activities. It operates through two segments, Production and Pre-production. The Production segment holds interest in oil producing fields on the Tawke PSC (Tawke and Peshkabir), the Taq Taq PSC, and Sarta PSC located in the Kurdistan Region of Iraq.
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