Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.