Genel Energy PLC (GENL) Receives Average Recommendation of “Hold” from Brokerages
Genel Energy PLC (LON:GENL) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four research 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 85.36 ($1.11).
A number of research firms have recently commented on GENL. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 90 ($1.17) price target on shares of Genel Energy PLC in a report on Wednesday, August 2nd. Macquarie reiterated an “underperform” rating and issued a GBX 41 ($0.53) price objective on shares of Genel Energy PLC in a research report on Tuesday, June 20th. Jefferies Group LLC lowered their price objective on Genel Energy PLC from GBX 58 ($0.75) to GBX 37 ($0.48) and set an “underperform” rating on the stock in a research report on Wednesday, May 17th. Canaccord Genuity upgraded Genel Energy PLC to a “speculative buy” rating and increased their price objective for the stock from GBX 60 ($0.78) to GBX 95 ($1.23) in a research report on Friday, May 19th. Finally, Numis Securities Ltd increased their price objective on Genel Energy PLC from GBX 135 ($1.75) to GBX 140 ($1.82) and gave the stock a “buy” rating in a research report on Wednesday, July 26th.
Genel Energy PLC (LON GENL) traded down 0.80% during trading on Tuesday, hitting GBX 123.25. The stock had a trading volume of 331,013 shares. Genel Energy PLC has a 52 week low of GBX 54.50 and a 52 week high of GBX 133.75. The stock’s market capitalization is GBX 343.12 million. The company has a 50-day moving average of GBX 101.73 and a 200-day moving average of GBX 85.13.
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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