Genel Energy PLC (GENL) Given New GBX 67 Price Target at Deutsche Bank AG
Genel Energy PLC (LON:GENL) had its price target lowered by Deutsche Bank AG from GBX 68 ($0.88) to GBX 67 ($0.87) in a research note issued on Thursday. The firm presently has a “sell” rating on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 26.98% from the company’s current price.
A number of other research firms also recently commented on GENL. GMP Securities reiterated a “speculative buy” rating on shares of Genel Energy PLC in a research report on Tuesday, July 4th. Canaccord Genuity lowered their target price on Genel Energy PLC from GBX 80 ($1.04) to GBX 60 ($0.78) and set a “hold” rating for the company in a research report on Wednesday, March 29th. J P Morgan Chase & Co lowered their target price on Genel Energy PLC from GBX 247 ($3.20) to GBX 109 ($1.41) and set an “overweight” rating for the company in a research report on Wednesday, May 17th. Barclays PLC lowered their target price on Genel Energy PLC from GBX 90 ($1.17) to GBX 70 ($0.91) and set an “equal weight” rating for the company in a research report on Friday, March 31st. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 135 ($1.75) target price on shares of Genel Energy PLC in a research report on Monday, April 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 83.02 ($1.08).
Shares of Genel Energy PLC (LON GENL) traded up 3.97% during trading on Thursday, hitting GBX 91.75. The stock had a trading volume of 502,913 shares. The company’s market cap is GBX 255.88 million. Genel Energy PLC has a 12-month low of GBX 54.50 and a 12-month high of GBX 178.10. The stock’s 50 day moving average is GBX 87.33 and its 200-day moving average is GBX 79.30.
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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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