Genel Energy PLC (GENL) Receives Consensus Rating of “Hold” from Analysts
Shares of Genel Energy PLC (LON:GENL) have received a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 92.72 ($1.18).
A number of research firms recently weighed in on GENL. Macquarie reissued an “underperform” rating and issued a GBX 41 ($0.52) price objective on shares of Genel Energy PLC in a research report on Tuesday, June 20th. Barclays PLC lowered shares of Genel Energy PLC to an “underweight” rating and increased their price objective for the stock from GBX 95 ($1.21) to GBX 100 ($1.27) in a research report on Thursday. GMP Securities reissued a “speculative buy” rating on shares of Genel Energy PLC in a research report on Monday, June 12th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 95 ($1.21) target price on shares of Genel Energy PLC in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG reduced their target price on shares of Genel Energy PLC from GBX 67 ($0.85) to GBX 63 ($0.80) and set a “sell” rating on the stock in a research report on Tuesday, April 18th.
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Genel Energy PLC (GENL) traded down 2.97% during mid-day trading on Monday, reaching GBX 81.75. The company’s stock had a trading volume of 188,159 shares. Genel Energy PLC has a 12-month low of GBX 54.50 and a 12-month high of GBX 178.10. The firm’s market cap is GBX 227.91 million. The company has a 50-day moving average price of GBX 85.79 and a 200-day moving average price of GBX 78.90.
About Genel Energy PLC
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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