Genel Energy PLC Receives Buy Rating from Deutsche Bank (GENL)
Genel Energy PLC (LON:GENL)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Friday. They currently have a GBX 1,350 ($22.65) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 66.56% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Genel Energy PLC in a research note on Thursday. They now have a GBX 1,000 ($16.78) price target on the stock. Separately, 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 Oriel Securities Ltd reiterated a “reduce” rating on shares of Genel Energy PLC in a research note on Monday. They now have a GBX 910 ($15.27) price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,159.58 ($19.45).
Shares of Genel Energy PLC (LON:GENL) traded up 1.85% on Friday, hitting GBX 825.50. The stock had a trading volume of 1,329,746 shares. Genel Energy PLC has a 52-week low of GBX 733.00 and a 52-week 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 £2.313 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.
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