Genel Energy Rating Reiterated by Deutsche Bank (GENL)
Genel Energy (LON:GENL)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 1,400 ($22.96) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 30.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Genel Energy from GBX 1,140 ($18.70) to GBX 1,115 ($18.29) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Genel Energy in a research note to investors on Monday. They now have a GBX 1,430 ($23.45) price target on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Genel Energy to a “buy” rating in a research note to investors on Thursday, December 12th. They now have a GBX 1,240 ($20.34) price target on the stock, up previously from GBX 1,100 ($18.04). Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Genel Energy currently has an average rating of “Buy” and an average price target of GBX 1,216.73 ($19.96).
Genel Energy (LON:GENL) opened at 1082.00 on Wednesday. Genel Energy has a 1-year low of GBX 720.00 and a 1-year high of GBX 1114.00. The stock’s 50-day moving average is GBX 1045. and its 200-day moving average is GBX 975..
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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