Genel Energy PLC (LON:GENL) Given New GBX 140 Price Target at Numis Securities Ltd
Genel Energy PLC (LON:GENL) had its price target lifted by Numis Securities Ltd from GBX 135 ($1.76) to GBX 140 ($1.82) in a research report report published on Wednesday. The firm currently has a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity upgraded shares of Genel Energy PLC to a speculative buy rating and raised their price target for the company from GBX 60 ($0.78) to GBX 95 ($1.24) in a research note on Friday, May 19th. J P Morgan Chase & Co reduced their price target on shares of Genel Energy PLC from GBX 247 ($3.22) to GBX 109 ($1.42) and set an overweight rating on the stock in a research note on Wednesday, May 17th. Deutsche Bank AG raised their price target on shares of Genel Energy PLC from GBX 63 ($0.82) to GBX 68 ($0.89) and gave the company a sell rating in a research note on Tuesday, May 16th. Macquarie restated an underperform rating and issued a GBX 41 ($0.53) price target on shares of Genel Energy PLC in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC reduced their price target on shares of Genel Energy PLC from GBX 58 ($0.76) to GBX 37 ($0.48) and set an underperform rating on the stock in a research note on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Genel Energy PLC presently has an average rating of Hold and a consensus target price of GBX 84.80 ($1.10).
Genel Energy PLC (LON:GENL) opened at 102.50 on Wednesday. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 178.10. The stock’s 50 day moving average is GBX 92.59 and its 200-day moving average is GBX 81.76. The firm’s market capitalization is GBX 285.35 million.
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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