Goldman Sachs Group Inc. Reiterates “Buy” Rating for Genel Energy (GENL)
Genel Energy (LON:GENL)‘s stock had its “buy” rating restated by research analysts at Goldman Sachs Group Inc. in a report released on Monday, American Banking News reports. They currently have a GBX 1,480 ($23.63) price target on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 49.95% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Wednesday, October 2nd. They now have a GBX 1,150 ($18.36) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Genel Energy in a research note to investors on Thursday, September 19th. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Thursday, September 19th. They now have a GBX 1,035 ($16.52) price target on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,156.30 ($18.46).
Genel Energy (LON:GENL) traded up 1.33% on Monday, hitting GBX 987.00. 304,056 shares of the company’s stock traded hands. Genel Energy has a one year low of GBX 715.00 and a one year 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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