Genel Energy PLC Receives “Buy” Rating from Deutsche Bank (GENL)
Genel Energy PLC (LON:GENL)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a GBX 1,375 ($23.35) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 35.47% from the stock’s previous close.
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 ($22.58) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Genel Energy PLC from GBX 1,160 ($19.70) to GBX 1,170 ($19.87) in a research note on Thursday, July 24th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Genel Energy PLC from GBX 1,230 ($20.89) to GBX 1,100 ($18.68) in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,175.75 ($19.97).
Shares of Genel Energy PLC (LON:GENL) traded up 0.89% on Tuesday, hitting GBX 1014.9999. 571,951 shares of the company’s stock traded hands. 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 986.7 and its 200-day moving average is GBX 1002.. The company’s market cap is £2.845 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.
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.