Genel Energy PLC’s (GENL) “Underperform” Rating Reiterated at Jefferies Group
Genel Energy PLC (LON:GENL)‘s stock had its “underperform” rating restated by equities researchers at Jefferies Group in a report released on Thursday. They currently have a GBX 78 ($1.02) target price on the stock. Jefferies Group’s price target would suggest a potential downside of 23.53% from the company’s current price.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Genel Energy PLC from GBX 237 ($3.09) to GBX 247 ($3.22) and gave the stock an “overweight” rating in a report on Friday, July 29th. Liberum Capital raised shares of Genel Energy PLC to a “buy” rating and lifted their target price for the stock from GBX 100 ($1.31) to GBX 179 ($2.34) in a report on Wednesday, June 29th. Barclays PLC downgraded shares of Genel Energy PLC to an “underweight” rating and set a GBX 130 ($1.70) target price for the company. in a report on Tuesday, June 21st. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 195 ($2.55) target price on shares of Genel Energy PLC in a report on Monday, July 11th. Finally, Macquarie reaffirmed a “neutral” rating and set a GBX 133 ($1.74) target price on shares of Genel Energy PLC in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 154.15 ($2.01).
Genel Energy PLC (LON:GENL) traded down 0.24% during mid-day trading on Thursday, hitting GBX 102.00. 1,919,384 shares of the stock traded hands. Genel Energy PLC has a 52 week low of GBX 71.75 and a 52 week high of GBX 389.50. The firm’s market cap is GBX 283.95 million. The firm’s 50-day moving average price is GBX 97.84 and its 200-day moving average price is GBX 110.89.
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Genel Energy PLC Company Profile
Genel Energy Plc is a holding company. The Company is engaged in the business of oil and gas exploration and production in the Kurdistan Region of Iraq (KRI). The Company’s segments include Kurdistan and Africa. The Company has interests in approximately two producing fields in the Kurdistan Region of Iraq, Taq Taq and Tawke, with access to local and international markets.
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