Liberum Capital Reiterates Hold Rating for Genel Energy PLC (GENL)
Genel Energy PLC (LON:GENL)‘s stock had its “hold” rating reiterated by research analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 1,000 ($16.78) price target on the stock. Liberum Capital’s target price would suggest a potential upside of 32.80% from the company’s current price.
Shares of Genel Energy PLC (LON:GENL) traded up 7.64% during mid-day trading on Thursday, hitting GBX 810.4999. 1,978,876 shares of the company’s stock traded hands. Genel Energy PLC has a 1-year low of GBX 754.50 and a 1-year high of GBX 1144.00. The stock’s 50-day moving average is GBX 955.4 and its 200-day moving average is GBX 989.2. The company’s market cap is £2.271 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd upgraded shares of Genel Energy PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 895 ($15.01) price target on the stock. Finally, 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 ($22.31) price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,159.58 ($19.45).
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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