Genel Energy PLC (LON:GENL) Receives Average Recommendation of “Hold” from Brokerages
Shares of Genel Energy PLC (LON:GENL) have earned an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 81.91 ($1.07).
GENL has been the subject of several research reports. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 67 ($0.87) price target on shares of Genel Energy PLC in a research report on Monday, March 27th. Canaccord Genuity lowered their price target on shares of 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. Barclays PLC lowered their price target on shares of Genel Energy PLC from GBX 90 ($1.18) to GBX 70 ($0.91) and set an “equal weight” rating for the company in a research report on Friday, March 31st. Jefferies Group LLC lowered their price target on shares of Genel Energy PLC from GBX 76 ($0.99) to GBX 58 ($0.76) and set an “underperform” rating for the company in a research report on Wednesday, April 5th. Finally, GMP Securities reaffirmed a “speculative buy” rating on shares of Genel Energy PLC in a research report on Friday, April 7th.
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Genel Energy PLC (LON GENL) traded up 2.78% during trading on Friday, hitting GBX 101.75. 758,715 shares of the stock traded hands. The firm’s market cap is GBX 283.27 million. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 178.10. The firm has a 50-day moving average price of GBX 91.46 and a 200 day moving average price of GBX 81.17.
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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