Numis Securities Ltd Downgrades Genel Energy PLC to Add (GENL)
Genel Energy PLC (LON:GENL) was downgraded by equities research analysts at Numis Securities Ltd to an “add” rating in a research note issued to investors on Friday. They currently have a GBX 1,136 ($19.35) target price on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 10.83% from the company’s current price.
Genel Energy PLC (LON:GENL) opened at 1016.00 on Friday. Genel Energy PLC has a one year low of GBX 903.35 and a one year high of GBX 1144.00. The stock’s 50-day moving average is GBX 1037. and its 200-day moving average is GBX 1015.. The company’s market cap is £2.847 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Genel Energy PLC in a research note on Friday. They now have a GBX 1,375 ($23.42) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Genel Energy PLC in a research note on Friday. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Genel Energy PLC in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,186.82 ($20.21).
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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