Genel Energy PLC (LON:GENL) had its price objective boosted by analysts at Numis Securities Ltd from GBX 135 ($1.76) to GBX 140 ($1.82) in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s target price points to a potential upside of 35.59% from the stock’s current price.
A number of other research analysts have also recently issued reports on GENL. Jefferies Group LLC lifted their price objective on Genel Energy PLC from GBX 37 ($0.48) to GBX 58 ($0.76) and gave the company an “underperform” rating in a report on Monday. Barclays PLC cut their price objective on Genel Energy PLC from GBX 100 ($1.30) to GBX 90 ($1.17) and set an “underweight” rating for the company in a report on Wednesday, July 12th. Deutsche Bank AG cut their price objective on Genel Energy PLC from GBX 68 ($0.89) to GBX 67 ($0.87) and set a “sell” rating for the company in a report on Thursday, July 6th. GMP Securities reissued a “speculative buy” rating on shares of Genel Energy PLC in a report on Friday, April 7th. Finally, Canaccord Genuity cut their price objective on Genel Energy PLC from GBX 80 ($1.04) to GBX 60 ($0.78) and set a “hold” rating for the company in a report on Wednesday, March 29th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Genel Energy PLC presently has an average rating of “Hold” and a consensus price target of GBX 84.80 ($1.10).
Genel Energy PLC (GENL) traded down 0.73% during trading on Wednesday, hitting GBX 102.50. 236,871 shares of the stock traded hands. The stock’s market cap is GBX 285.35 million. The company has a 50-day moving average price of GBX 92.11 and a 200 day moving average price of GBX 81.62. Genel Energy PLC has a one year low of GBX 54.50 and a one year high of GBX 178.10.
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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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