Genel Energy PLC (GENL) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Genel Energy PLC (LON:GENL) have been given a consensus rating of “Hold” by the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 101.69 ($1.35).
A number of equities analysts recently issued reports on GENL shares. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 135 ($1.79) price target on shares of Genel Energy PLC in a report on Monday, September 11th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 145 ($1.92) price objective on shares of Genel Energy PLC in a report on Wednesday. Barclays PLC increased their price objective on Genel Energy PLC from GBX 90 ($1.19) to GBX 155 ($2.06) and gave the company an “underweight” rating in a report on Thursday, September 14th. GMP Securities reissued a “speculative buy” rating on shares of Genel Energy PLC in a report on Tuesday, July 4th. Finally, Canaccord Genuity reissued a “hold” rating and issued a GBX 95 ($1.26) price objective on shares of Genel Energy PLC in a report on Tuesday, June 6th.
Genel Energy PLC (LON:GENL) traded up 5.99% during mid-day trading on Wednesday, reaching GBX 132.75. 560,658 shares of the company were exchanged. Genel Energy PLC has a 1-year low of GBX 54.50 and a 1-year high of GBX 166.50. The stock has a 50-day moving average of GBX 146.10 and a 200 day moving average of GBX 103.33. The firm’s market capitalization is GBX 369.57 million.
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.
Receive News & Ratings for Genel Energy PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genel Energy PLC and related companies with MarketBeat.com's FREE daily email newsletter.