Genel Energy PLC PT Lowered to GBX 1,050 (GENL)
Canaccord Genuity decreased their target price on shares of Genel Energy PLC (LON:GENL) from GBX 1,100 ($18.25) to GBX 1,050 ($17.42) in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 21.37% from the stock’s previous close.
Shares of Genel Energy PLC (LON:GENL) opened at 866.00 on Tuesday. Genel Energy PLC has a 1-year low of GBX 733.00 and a 1-year high of GBX 1144.00. The stock’s 50-day moving average is GBX 912.0 and its 200-day moving average is GBX 977.9. The company’s market cap is £2.427 billion.
GENL has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Genel Energy PLC from GBX 1,330 ($22.07) to GBX 1,230 ($20.41) in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Investec cut their price target on shares of Genel Energy PLC from GBX 1,060 ($17.59) to GBX 1,005 ($16.68) in a research note on Thursday, August 21st. They now have a “hold” rating on the stock. Finally, 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 ($22.40) price target on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,142.50 ($18.96).
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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