Shares of Genel Energy PLC (LON:GENL) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 117.50 ($1.58).
Several analysts recently commented on GENL shares. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 109 ($1.47) price target on shares of Genel Energy in a report on Friday, October 20th. Numis Securities restated a “buy” rating and set a GBX 135 ($1.82) price target on shares of Genel Energy in a report on Monday, September 11th. Barclays raised their price target on shares of Genel Energy from GBX 90 ($1.21) to GBX 155 ($2.09) and gave the stock an “underweight” rating in a report on Thursday, September 14th. Deutsche Bank upgraded shares of Genel Energy to a “hold” rating and raised their price target for the stock from GBX 72 ($0.97) to GBX 154 ($2.07) in a report on Friday, October 13th. Finally, Jefferies Group upgraded shares of Genel Energy to a “hold” rating and raised their price target for the stock from GBX 58 ($0.78) to GBX 145 ($1.95) in a report on Tuesday, August 29th.
Genel Energy (GENL) traded up GBX 2.25 ($0.03) during mid-day trading on Monday, hitting GBX 91.25 ($1.23). 418,294 shares of the company traded hands, compared to its average volume of 539,669. Genel Energy has a twelve month low of GBX 54.50 ($0.73) and a twelve month high of GBX 166.50 ($2.24).
COPYRIGHT VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/18/genel-energy-plc-genl-receives-consensus-recommendation-of-hold-from-analysts.html.
About Genel Energy
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genel Energy and related companies with MarketBeat.com's FREE daily email newsletter.