Deutsche Bank Reiterates Buy Rating for Genel Energy PLC (GENL)
Genel Energy PLC (LON:GENL)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a GBX 1,375 ($23.42) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 34.15% from the stock’s previous close.
GENL has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Genel Energy PLC in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Genel Energy PLC in a research note on Thursday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Genel Energy PLC in a research note on Monday. They now have a GBX 1,330 ($22.65) price target on the stock, down previously from GBX 1,390 ($23.68). One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 1,186.82 ($20.21).
Genel Energy PLC (LON:GENL) opened at 1012.00 on Friday. Genel Energy PLC has a 1-year low of GBX 903.35 and a 1-year high of GBX 1144.00. The stock has a 50-day moving average of GBX 1037. and a 200-day moving average of GBX 1015.. The company’s market cap is £2.836 billion.
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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