Genel Energy PLC (GENL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Genel Energy PLC (LON:GENL) have received a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to 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 ($1.59).

GENL has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 109 ($1.48) price objective on shares of Genel Energy in a research note on Friday, October 20th. Barclays raised their price objective on Genel Energy from GBX 90 ($1.22) to GBX 155 ($2.10) and gave the stock an “underweight” rating in a research note on Thursday, September 14th. Deutsche Bank raised Genel Energy to a “hold” rating and raised their price objective for the stock from GBX 72 ($0.98) to GBX 154 ($2.09) in a research note on Friday, October 13th. Numis Securities reaffirmed a “buy” rating on shares of Genel Energy in a research note on Wednesday, October 11th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 145 ($1.97) price objective on shares of Genel Energy in a research note on Wednesday, October 4th.

Genel Energy (LON:GENL) traded down GBX 1.20 ($0.02) during midday trading on Friday, hitting GBX 127.40 ($1.73). The stock had a trading volume of 409,002 shares, compared to its average volume of 616,155. Genel Energy has a 1 year low of GBX 54.50 ($0.74) and a 1 year high of GBX 166.50 ($2.26). The company has a market capitalization of $354.65 and a P/E ratio of -39.32.

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Genel Energy 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.

Analyst Recommendations for Genel Energy (LON:GENL)

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