Liberum Capital Downgrades Genel Energy to Hold (GENL)
Genel Energy (LON:GENL) was downgraded by Liberum Capital to a “hold” rating in a research note issued on Tuesday, Analyst Ratings Network reports. They currently have a GBX 1,150 ($18.88) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 11.76% from the company’s current price.
A number of other analysts have also recently weighed in on GENL. Analysts at UBS AG reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Friday, January 17th. They now have a GBX 1,120 ($18.38) price target on the stock. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Thursday, January 16th. They now have a GBX 1,400 ($22.98) price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,236.83 ($20.30).
Genel Energy (LON:GENL) traded up 1.08% on Tuesday, hitting GBX 1029.00. The stock had a trading volume of 442,322 shares. Genel Energy has a 52 week low of GBX 720.00 and a 52 week high of GBX 1144.00. The stock’s 50-day moving average is GBX 1060. and its 200-day moving average is GBX 987.6.
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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