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Genel Energy (LON:GENL)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a report released on Monday, AmericanBankingNews.com reports. They currently have a GBX 1,277 ($20.99) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 29.91% from the company’s current price.

Shares of Genel Energy (LON:GENL) traded down 1.58% during mid-day trading on Monday, hitting GBX 967.50. 335,675 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’s 50-day moving average is GBX 1048. and its 200-day moving average is GBX 989.8.

A number of other analysts have also recently weighed in on GENL. Analysts at Morgan Stanley raised their price target on shares of Genel Energy from GBX 1,000 ($16.43) to GBX 1,070 ($17.58) in a research note to investors on Friday, January 24th. They now have an “equal weight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Genel Energy to a “neutral” rating in a research note to investors on Thursday, January 23rd. Finally, analysts at Liberum Capital downgraded shares of Genel Energy to a “hold” rating in a research note to investors on Tuesday, January 21st. They now have a GBX 1,150 ($18.90) price target on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Genel Energy currently has an average rating of “Buy” and a consensus target price of GBX 1,220.55 ($20.06).

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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