Genel Energy PLC (GENL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Genel Energy PLC (LON:GENL) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 101.69 ($1.31).
GENL has been the topic of several analyst reports. Numis Securities Ltd upped their target price on shares of Genel Energy PLC from GBX 135 ($1.74) to GBX 140 ($1.81) and gave the stock a “buy” rating in a report on Wednesday, July 26th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 95 ($1.23) target price on shares of Genel Energy PLC in a report on Tuesday, June 6th. Jefferies Group LLC raised shares of Genel Energy PLC to a “hold” rating and upped their target price for the stock from GBX 58 ($0.75) to GBX 145 ($1.87) in a report on Tuesday, August 29th. J P Morgan Chase & Co lowered their target price on shares of Genel Energy PLC from GBX 247 ($3.19) to GBX 109 ($1.41) and set an “overweight” rating on the stock in a report on Wednesday, May 17th. Finally, Deutsche Bank AG upped their target price 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 report on Tuesday, May 16th.
Shares of Genel Energy PLC (LON:GENL) traded down 3.21% during mid-day trading on Friday, reaching GBX 158.25. 290,895 shares of the company traded hands. The stock’s 50 day moving average is GBX 129.18 and its 200 day moving average is GBX 94.29. The stock’s market capitalization is GBX 440.56 million. Genel Energy PLC has a 52-week low of GBX 54.50 and a 52-week high of GBX 167.00.
Genel Energy PLC (LON:GENL) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter. Genel Energy PLC had a net margin of 26.98% and a return on equity of 3.48%. On average, analysts anticipate that Genel Energy PLC will post ($0.02) earnings per share for the current year.
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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