Genel Energy PLC Stock Rating Reaffirmed by Oriel Securities Ltd (GENL)
Genel Energy PLC (LON:GENL)‘s stock had its “reduce” rating reaffirmed by analysts at Oriel Securities Ltd in a research report issued to clients and investors on Monday. They currently have a GBX 900 ($15.41) price objective on the stock. Oriel Securities Ltd’s target price suggests a potential downside of 7.41% from the company’s current price.
Shares of Genel Energy PLC (LON:GENL) traded up 1.04% during mid-day trading on Monday, hitting GBX 972.00. The stock had a trading volume of 269,646 shares. Genel Energy PLC has a 52-week low of GBX 903.35 and a 52-week high of GBX 1144.00. The stock’s 50-day moving average is GBX 999.6 and its 200-day moving average is GBX 1009.. The company’s market cap is £2.724 billion.
A number of other firms have also recently commented on GENL. 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 ($22.77) price target on the stock. Separately, analysts at Liberum Capital raised their price target on shares of Genel Energy PLC from GBX 1,150 ($19.69) to GBX 1,164 ($19.93) in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Genel Energy PLC to an “add” rating in a research note on Friday, July 4th. They now have a GBX 1,136 ($19.45) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,188.09 ($20.34).
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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