Liberum Capital Reiterates Buy Rating for Genel Energy (GENL)
Genel Energy (LON:GENL)‘s stock had its “buy” rating restated by Liberum Capital in a research note issued on Friday, AR Network reports. They currently have a GBX 1,150 ($18.86) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 3.32% from the stock’s previous close.
Genel Energy (LON:GENL) traded down 0.36% during mid-day trading on Friday, hitting GBX 1113.00. 332,447 shares of the company’s stock traded hands. Genel Energy has a one year low of GBX 720.00 and a one year high of GBX 1144.00. The stock has a 50-day moving average of GBX 1056. and a 200-day moving average of GBX 979.5.
A number of other analysts have also recently weighed in on GENL. 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. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Genel Energy presently has an average rating of “Buy” and an average target price 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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