Genel Energy PLC (GENL) PT Lowered to GBX 91
Genel Energy PLC (LON:GENL) had its price target cut by stock analysts at Deutsche Bank AG from GBX 106 ($1.41) to GBX 91 ($1.21) in a research report issued on Thursday. The firm currently has a “sell” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 1.11% from the company’s previous close.
Several other analysts have also commented on GENL. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 237 ($3.16) price objective on shares of Genel Energy PLC in a report on Tuesday, May 24th. Barclays PLC downgraded Genel Energy PLC to an “underweight” rating and lifted their target price for the company from GBX 115 ($1.53) to GBX 130 ($1.73) in a research report on Thursday, June 9th. Goldman Sachs Group Inc. lifted their target price on Genel Energy PLC from GBX 113.90 ($1.52) to GBX 141.80 ($1.89) and gave the company a “neutral” rating in a research report on Tuesday, June 28th. Liberum Capital upgraded Genel Energy PLC to a “buy” rating and lifted their target price for the company from GBX 100 ($1.33) to GBX 179 ($2.38) in a research report on Wednesday, June 29th. Finally, Macquarie lifted their target price on Genel Energy PLC from GBX 118 ($1.57) to GBX 133 ($1.77) and gave the company a “neutral” rating in a research report on Monday, July 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 154.15 ($2.05).
Genel Energy PLC (LON:GENL) opened at 90.00 on Thursday. Genel Energy PLC has a 12 month low of GBX 71.75 and a 12 month high of GBX 389.50. The stock’s 50 day moving average price is GBX 99.22 and its 200 day moving average price is GBX 109.34. The company’s market capitalization is GBX 250.54 million.
Genel Energy PLC 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.
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