Genel Energy Given New GBX 1,250 Price Target at Canaccord Genuity (GENL)
Stock analysts at Canaccord Genuity upped their target price on shares of Genel Energy (LON:GENL) from GBX 1,240 ($20.34) to GBX 1,250 ($20.50) in a report issued on Friday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 11.91% from the stock’s previous close.
Genel Energy (LON:GENL) traded down 0.20% during mid-day trading on Friday, hitting GBX 1114.7999. 211,847 shares of the company’s stock traded hands. Genel Energy has a 52 week low of GBX 720.00 and a 52 week high of GBX 1144.00. The stock has a 50-day moving average of GBX 1055. and a 200-day moving average of GBX 978..
GENL has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Friday. They now have a GBX 1,150 ($18.86) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Wednesday. They now have a GBX 1,400 ($22.96) price target on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,217.64 ($19.97).
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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