Genel Energy PLC Given Consensus Recommendation of “Hold” by Brokerages (LON:GENL)
Shares of Genel Energy PLC (LON:GENL) have received an average recommendation of “Hold” from the fifteen brokerages that are covering the company, AmericanBankingNews.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,173.67 ($19.75).
Shares of Genel Energy PLC (LON:GENL) opened at 767.50 on Monday. Genel Energy PLC has a 52-week low of GBX 883.50 and a 52-week high of GBX 1144.00. The stock has a 50-day moving average of GBX 981.2 and a 200-day moving average of GBX 997.2. The company’s market cap is £2.151 billion.
A number of research firms have recently commented on GENL. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Genel Energy PLC in a research note on Wednesday. Separately, analysts at Deutsche Bank cut their price target on shares of Genel Energy PLC from GBX 1,375 ($23.14) to GBX 1,350 ($22.72) in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of Genel Energy PLC in a research note on Thursday, July 31st. They now have a GBX 900 ($15.14) price target on the stock.
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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