Genel Energy PLC (GENL) Receives Average Rating of “Hold” from Brokerages
Genel Energy PLC (LON:GENL) has received an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 111.89 ($1.47).
GENL has been the subject of a number of research reports. Numis Securities Ltd upped their target price on shares of Genel Energy PLC from GBX 135 ($1.78) to GBX 140 ($1.84) and gave the company a “buy” rating in a report on Wednesday, July 26th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 109 ($1.43) target price on shares of Genel Energy PLC in a report on Friday, October 20th. Barclays PLC upped their target price on shares of Genel Energy PLC from GBX 90 ($1.18) to GBX 155 ($2.04) and gave the company an “underweight” rating in a report on Thursday, September 14th. Deutsche Bank AG raised shares of Genel Energy PLC to a “hold” rating and upped their target price for the company from GBX 72 ($0.95) to GBX 154 ($2.03) in a report on Friday, October 13th. Finally, Jefferies Group LLC raised shares of Genel Energy PLC to a “hold” rating and upped their target price for the company from GBX 58 ($0.76) to GBX 145 ($1.91) in a report on Tuesday, August 29th.
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Shares of Genel Energy PLC (LON:GENL) traded down GBX 0.25 ($0.00) during mid-day trading on Thursday, reaching GBX 107.50 ($1.41). 516,866 shares of the company’s stock were exchanged, compared to its average volume of 1,050,000. Genel Energy PLC has a twelve month low of GBX 54.50 ($0.72) and a twelve month high of GBX 166.50 ($2.19).
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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