Genel Energy PLC (GENL) Rating Reiterated by J P Morgan Chase & Co
Genel Energy PLC (LON:GENL)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. They currently have a GBX 109 ($1.45) price objective on the stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 6.44% from the stock’s previous close.
GENL has been the subject of a number of other reports. Numis Securities Ltd reiterated a “buy” rating on shares of Genel Energy PLC in a report on Wednesday, October 11th. Jefferies Group LLC upgraded Genel Energy PLC to a “hold” rating and upped their price target for the stock from GBX 58 ($0.77) to GBX 145 ($1.93) in a report on Tuesday, August 29th. Deutsche Bank AG upgraded Genel Energy PLC to a “hold” rating and upped their price target for the stock from GBX 72 ($0.96) to GBX 154 ($2.05) in a report on Friday, October 13th. Finally, Barclays PLC upped their price target on Genel Energy PLC from GBX 90 ($1.20) to GBX 155 ($2.06) and gave the stock an “underweight” rating in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 110.80 ($1.47).
Genel Energy PLC (LON GENL) traded down 1.69% during mid-day trading on Friday, hitting GBX 116.50. 1,085,308 shares of the stock were exchanged. The company’s market cap is GBX 324.33 million. Genel Energy PLC has a one year low of GBX 54.50 and a one year high of GBX 167.00. The company has a 50-day moving average price of GBX 142.54 and a 200-day moving average price of GBX 107.56.
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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