Genel Energy PLC (GENL) Receives Consensus Rating of “Hold” from Analysts
Genel Energy PLC (LON:GENL) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 85.36 ($1.11).
A number of brokerages recently issued reports on GENL. Barclays PLC reissued an “underweight” rating and issued a GBX 90 ($1.17) target price on shares of Genel Energy PLC in a research report on Wednesday, August 2nd. Macquarie reissued an “underperform” rating and issued a GBX 41 ($0.53) target price on shares of Genel Energy PLC in a research report on Tuesday, June 20th. Jefferies Group LLC dropped their target price on 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, May 17th. Canaccord Genuity raised Genel Energy PLC to a “speculative buy” rating and lifted their target price for the company from GBX 60 ($0.78) to GBX 95 ($1.23) in a research report on Friday, May 19th. Finally, Numis Securities Ltd lifted their target price on Genel Energy PLC from GBX 135 ($1.75) to GBX 140 ($1.82) and gave the company a “buy” rating in a research report on Wednesday, July 26th.
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Shares of Genel Energy PLC (GENL) traded down 0.80% during midday trading on Tuesday, hitting GBX 123.25. The company had a trading volume of 331,013 shares. The firm’s market capitalization is GBX 343.12 million. The firm’s 50-day moving average is GBX 101.73 and its 200-day moving average is GBX 85.13. Genel Energy PLC has a 12-month low of GBX 54.50 and a 12-month high of GBX 133.75.
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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