Genel Energy PLC PT Lowered to GBX 1,165 at JPMorgan Chase & Co. (GENL)
Stock analysts at JPMorgan Chase & Co. dropped their target price on shares of Genel Energy PLC (LON:GENL) from GBX 1,170 ($19.42) to GBX 1,165 ($19.33) in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 33.66% from the stock’s previous close.
Genel Energy PLC (LON:GENL) traded down 1.97% on Thursday, hitting GBX 840.58. The stock had a trading volume of 830,328 shares. Genel Energy PLC has a 52 week low of GBX 733.00 and a 52 week high of GBX 1144.00. The stock has a 50-day moving average of GBX 904.5 and a 200-day moving average of GBX 974.8. The company’s market cap is £2.356 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Genel Energy PLC from GBX 1,100 ($18.25) to GBX 1,050 ($17.42) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Genel Energy PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 1,142.08 ($18.95).
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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