Genel Energy PLC (GENL) Given Average Rating of “Hold” by Brokerages

Genel Energy PLC (LON:GENL) has been given an average rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 133.67 ($1.87).

A number of research analysts recently issued reports on the stock. Canaccord Genuity lifted their price objective on shares of Genel Energy from GBX 200 ($2.80) to GBX 210 ($2.94) and gave the company a “speculative buy” rating in a research note on Monday, January 29th. Deutsche Bank decreased their price objective on shares of Genel Energy from GBX 160 ($2.24) to GBX 142 ($1.99) and set a “hold” rating on the stock in a research note on Friday, January 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 109 ($1.53) target price on shares of Genel Energy in a research note on Friday, October 20th. Finally, Numis Securities reaffirmed a “buy” rating on shares of Genel Energy in a research note on Wednesday, October 11th.

Shares of Genel Energy (GENL) traded down GBX 6.40 ($0.09) during trading hours on Tuesday, reaching GBX 113 ($1.58). 1,538,485 shares of the company were exchanged, compared to its average volume of 561,155. The company has a market capitalization of $321.79 and a PE ratio of -35.99. Genel Energy has a fifty-two week low of GBX 54.50 ($0.76) and a fifty-two week high of GBX 166.50 ($2.33).

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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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