Genel Energy PLC (GENL) Raised to “speculative buy” at Canaccord Genuity
Genel Energy PLC (LON:GENL) was upgraded by analysts at Canaccord Genuity to a “speculative buy” rating in a research note issued to investors on Friday. The brokerage presently has a GBX 95 ($1.23) target price on the stock, up from their previous target price of GBX 60 ($0.77). Canaccord Genuity’s target price would suggest a potential upside of 20.25% from the company’s previous close.
Several other analysts have also recently issued reports on GENL. Macquarie cut shares of Genel Energy PLC to an “underperform” rating and reduced their price target for the stock from GBX 124 ($1.60) to GBX 41 ($0.53) in a research report on Friday, February 3rd. Deutsche Bank AG increased their price target on shares of Genel Energy PLC from GBX 63 ($0.81) to GBX 68 ($0.88) and gave the stock a “sell” rating in a research report on Tuesday. Jefferies Group LLC reduced their price target on shares of Genel Energy PLC from GBX 58 ($0.75) to GBX 37 ($0.48) and set an “underperform” rating on the stock in a research report on Wednesday. Barclays PLC reduced their price target on shares of Genel Energy PLC from GBX 90 ($1.16) to GBX 70 ($0.90) and set an “equal weight” rating on the stock in a research report on Friday, March 31st. Finally, GMP Securities reissued a “speculative buy” rating on shares of Genel Energy PLC in a research report on Friday, April 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Genel Energy PLC has an average rating of “Hold” and a consensus target price of GBX 92.22 ($1.19).
Genel Energy PLC (LON:GENL) traded up 4.98% on Friday, reaching GBX 79.00. 866,408 shares of the company’s stock were exchanged. The stock’s market cap is GBX 219.93 million. The firm has a 50 day moving average of GBX 76.64 and a 200-day moving average of GBX 76.13. Genel Energy PLC has a one year low of GBX 54.50 and a one year high of GBX 178.10.
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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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