Genel Energy PLC (GENL) Receives Consensus Recommendation of “Hold” from Analysts

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).

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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.

Analyst Recommendations for Genel Energy (LON:GENL)

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