Genel Energy’s Buy Rating Reaffirmed at Citigroup Inc. (GENL)
Genel Energy (LON:GENL)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Wednesday, American Banking News reports. They currently have a GBX 1,150 ($18.55) price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 22.41% from the company’s current price.
A number of other analysts have also recently weighed in on GENL. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Genel Energy (LON:GENL) in a research note to investors on Thursday, September 19th. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Genel Energy (LON:GENL) in a research note to investors on Thursday, September 19th. They now have a GBX 1,035 ($16.70) price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Genel Energy (LON:GENL) in a research note to investors on Monday, September 16th. They set a “hold” rating and a GBX 1,114 ($17.97) price target on the stock. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,150 ($18.55).
Shares of Genel Energy (LON:GENL) traded down 0.11% on Wednesday, hitting GBX 938.50. 116,311 shares of the company’s stock traded hands. Genel Energy has a 52-week low of GBX 715.00 and a 52-week high of GBX 1025.00. The stock’s 50-day moving average is GBX 955.9 and its 200-day moving average is GBX 896.7.
Genel Energy plc, formerly Vallares PLC, is an exploration and production company. It is an independent oil producer in the Kurdistan Region of Iraq.
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