Genel Energy PLC (GENL) Downgraded by Barclays PLC to “Underweight”
Barclays PLC lowered shares of Genel Energy PLC (LON:GENL) to an underweight rating in a research report released on Thursday morning. Barclays PLC currently has GBX 100 ($1.27) target price on the stock, up from their previous target price of GBX 95 ($1.21).
Other research analysts have also issued research reports about the company. Numis Securities Ltd restated a buy rating and issued a GBX 135 ($1.72) price objective on shares of Genel Energy PLC in a report on Monday, April 10th. Canaccord Genuity raised their price objective on Genel Energy PLC from GBX 75 ($0.96) to GBX 80 ($1.02) and gave the company a hold rating in a report on Wednesday, March 1st. J P Morgan Chase & Co decreased their price objective on Genel Energy PLC from GBX 247 ($3.15) to GBX 109 ($1.39) and set an overweight rating on the stock in a report on Wednesday, May 17th. Deutsche Bank AG raised their price objective on Genel Energy PLC from GBX 63 ($0.80) to GBX 68 ($0.87) and gave the company a sell rating in a report on Tuesday, May 16th. Finally, GMP Securities restated a speculative buy rating on shares of Genel Energy PLC in a report on Monday, June 12th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Genel Energy PLC has a consensus rating of Hold and a consensus target price of GBX 92.72 ($1.18).
Genel Energy PLC (GENL) traded down 0.88% during midday trading on Thursday, hitting GBX 84.50. 400,645 shares of the stock traded hands. The firm’s market cap is GBX 235.24 million. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 178.10. The company’s 50 day moving average price is GBX 85.79 and its 200 day moving average price is GBX 78.90.
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About Genel Energy PLC
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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