Genel Energy PLC (GENL) Earns Overweight Rating from J P Morgan Chase & Co
J P Morgan Chase & Co restated their overweight rating on shares of Genel Energy PLC (LON:GENL) in a research report report published on Friday morning. J P Morgan Chase & Co currently has a GBX 109 ($1.45) target price on the stock.
GENL has been the topic of a number of other reports. Numis Securities Ltd restated a buy rating on shares of Genel Energy PLC in a report on Wednesday, October 11th. Jefferies Group LLC upgraded Genel Energy PLC to a hold rating and increased their price target for the stock from GBX 58 ($0.77) to GBX 145 ($1.93) in a report on Tuesday, August 29th. Deutsche Bank AG upgraded Genel Energy PLC to a hold rating and increased their price target for the stock from GBX 72 ($0.96) to GBX 154 ($2.05) in a report on Friday, October 13th. Finally, Barclays PLC increased their price target on Genel Energy PLC from GBX 90 ($1.20) to GBX 155 ($2.06) and gave the stock an underweight rating in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 110.80 ($1.47).
Shares of Genel Energy PLC (GENL) opened at 116.00 on Friday. The firm’s 50-day moving average is GBX 142.54 and its 200 day moving average is GBX 107.56. Genel Energy PLC has a one year low of GBX 54.50 and a one year high of GBX 166.50. The firm’s market capitalization is GBX 322.94 million.
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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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