Genel Energy Given “Neutral” Rating at JPMorgan Chase & Co. (GENL)
Genel Energy (LON:GENL)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, American Banking News reports. They currently have a GBX 1,160 ($19.12) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 10.06% from the company’s current price.
A number of other firms have also recently commented on GENL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Thursday. They now have a GBX 1,400 ($23.07) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Genel Energy in a research note to investors on Thursday. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Thursday. They now have a GBX 1,380 ($22.74) price target on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Genel Energy currently has a consensus rating of “Buy” and an average price target of GBX 1,225.82 ($20.20).
Genel Energy (LON:GENL) traded up 1.44% during mid-day trading on Thursday, hitting GBX 1054.00. The stock had a trading volume of 596,257 shares. Genel Energy has a 1-year low of GBX 720.00 and a 1-year high of GBX 1144.00. The stock has a 50-day moving average of GBX 1061. and a 200-day moving average of GBX 981.6.
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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