Numis Securities Ltd Reiterates “Buy” Rating for Genel Energy (GENL)
Genel Energy (LON:GENL)‘s stock had its “buy” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 1,273 ($20.90) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 25.05% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital downgraded shares of Genel Energy to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 1,150 ($18.88) price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Friday. They now have a GBX 1,120 ($18.38) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Genel Energy in a research note to investors on Thursday, January 16th. They now have a GBX 1,160 ($19.04) price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,236.83 ($20.30).
Shares of Genel Energy (LON:GENL) traded down 3.51% during mid-day trading on Tuesday, hitting GBX 1018.00. 518,547 shares of the company’s stock traded hands. 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 1062. and a 200-day moving average of GBX 984.6.
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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