Genel Energy (GENL) PT Lowered to GBX 142

Genel Energy (LON:GENL) had its price objective reduced by equities research analysts at Deutsche Bank from GBX 160 ($2.17) to GBX 142 ($1.93) in a report released on Friday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 6.61% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 109 ($1.48) price target on shares of Genel Energy in a research note on Friday, October 20th. Numis Securities reiterated a “buy” rating on shares of Genel Energy in a research note on Wednesday, October 11th. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 145 ($1.97) price target on shares of Genel Energy in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 117.43 ($1.59).

Shares of Genel Energy (LON:GENL) traded down GBX 0.80 ($0.01) during trading on Friday, hitting GBX 133.20 ($1.81). 559,819 shares of the stock traded hands, compared to its average volume of 645,990. The stock has a market cap of $374.17 and a PE ratio of -42.97. Genel Energy has a 1-year low of GBX 54.50 ($0.74) and a 1-year high of GBX 166.50 ($2.26).

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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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