Genel Energy Given New GBX 1,074 Price Target at HSBC (GENL)
HSBC hoisted their target price on shares of Genel Energy (LON:GENL) from GBX 983 ($15.69) to GBX 1,074 ($17.15) in a research note issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. HSBC’s price objective points to a potential upside of 8.81% from the stock’s previous close.
GENL has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Genel Energy in a research note to investors on Tuesday. They now have a GBX 1,296 ($20.69) 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 Tuesday. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Genel Energy in a research note to investors on Monday. They now have a GBX 1,114 ($17.78) price target on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 1,170.40 ($18.68).
Shares of Genel Energy (LON:GENL) opened at 1000.645 on Tuesday. 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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