Genel Energy PLC Price Target Lowered to GBX 1,005 at Investec (GENL)
Equities researchers at Investec decreased their price target on shares of Genel Energy PLC (LON:GENL) from GBX 1,060 ($17.72) to GBX 1,005 ($16.80) in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Investec’s target price would suggest a potential upside of 17.48% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Genel Energy PLC in a research note on Friday, August 15th. They now have a GBX 1,350 ($22.57) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Genel Energy PLC in a research note on Thursday, August 14th. They now have a GBX 1,000 ($16.72) price target on the stock. Finally, analysts at Oriel Securities Ltd upgraded shares of Genel Energy PLC to a “hold” rating in a research note on Tuesday, August 12th. They now have a GBX 895 ($14.96) 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. Genel Energy PLC has an average rating of “Hold” and a consensus target price of GBX 1,155 ($19.31).
Genel Energy PLC (LON:GENL) traded up 4.04% during mid-day trading on Thursday, hitting GBX 889.5001. 327,506 shares of the company’s stock traded hands. 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 940.0 and its 200-day moving average is GBX 985.1. The company’s market cap is £2.493 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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