Genel Energy PLC (GENL) Receives Average Rating of “Hold” from Brokerages

Genel Energy PLC (LON:GENL) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 133.67 ($1.85).

A number of research analysts have recently commented on the company. Canaccord Genuity reissued a “speculative buy” rating and set a GBX 210 ($2.90) price objective on shares of Genel Energy in a report on Wednesday, March 28th. Deutsche Bank lowered their price objective on Genel Energy from GBX 160 ($2.21) to GBX 142 ($1.96) and set a “hold” rating on the stock in a report on Friday, January 26th.

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Shares of GENL remained flat at $GBX 168 ($2.32) during midday trading on Wednesday. Genel Energy has a 52-week low of GBX 54.50 ($0.75) and a 52-week high of GBX 166.50 ($2.30).



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Genel Energy 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.

Analyst Recommendations for Genel Energy (LON:GENL)

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