Barclays PLC Boosts Genel Energy PLC (GENL) Price Target to GBX 155
Genel Energy PLC (LON:GENL) had its price objective upped by stock analysts at Barclays PLC from GBX 90 ($1.16) to GBX 155 ($2.00) in a report issued on Thursday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 2.31% from the company’s previous close.
A number of other analysts have also recently issued reports on the stock. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 135 ($1.74) target price on shares of Genel Energy PLC in a research note on Monday, September 11th. Jefferies Group LLC upgraded shares of Genel Energy PLC to a “hold” rating and lifted their target price for the company from GBX 58 ($0.75) to GBX 145 ($1.87) in a research note on Tuesday, August 29th. Deutsche Bank AG lifted their target price on shares of Genel Energy PLC from GBX 67 ($0.87) to GBX 72 ($0.93) and gave the company a “sell” rating in a research note on Wednesday, August 2nd. GMP Securities reiterated a “speculative buy” rating on shares of Genel Energy PLC in a research note on Tuesday, July 4th. Finally, Macquarie reiterated an “underperform” rating and issued a GBX 41 ($0.53) target price on shares of Genel Energy PLC in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 101.69 ($1.31).
Genel Energy PLC (GENL) traded down 3.04% during trading on Thursday, reaching GBX 151.50. 3,187,051 shares of the company’s stock were exchanged. Genel Energy PLC has a 52 week low of GBX 54.50 and a 52 week high of GBX 167.00. The stock’s market capitalization is GBX 421.77 million. The company’s 50 day moving average price is GBX 136.54 and its 200-day moving average price is GBX 97.04.
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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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