Genel Energy Stock Rating Reaffirmed by Deutsche Bank (GENL)
Genel Energy (LON:GENL)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Monday, American Banking and Market News reports. They currently have a GBX 1,400 ($22.97) target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 39.30% from the stock’s previous close.
GENL has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Monday, February 3rd. They now have a GBX 1,277 ($20.95) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Genel Energy from GBX 1,000 ($16.41) to GBX 1,070 ($17.56) in a research note to investors on Friday, January 24th. They now have an “equal weight” rating on the stock. Finally, analysts at Goldman Sachs downgraded shares of Genel Energy to a “neutral” rating in a research note to investors on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 1,220.55 ($20.03).
Shares of Genel Energy (LON:GENL) traded up 1.00% on Monday, hitting GBX 1014.9999. 440,019 shares of the company’s stock traded hands. Genel Energy has a 52-week low of GBX 720.00 and a 52-week high of GBX 1144.00. The stock has a 50-day moving average of GBX 1048. and a 200-day moving average of GBX 989.8.
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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