Shares of Genel Energy PLC (LON:GENL) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 159.89 ($2.09).
Several research firms have weighed in on GENL. Barclays PLC cut shares of Genel Energy PLC to an “underweight” rating and lifted their price objective for the stock from GBX 115 ($1.50) to GBX 130 ($1.70) in a research report on Thursday, June 9th. Liberum Capital upgraded shares of Genel Energy PLC to a “buy” rating and lifted their price objective for the stock from GBX 100 ($1.31) to GBX 179 ($2.34) in a research report on Wednesday, June 29th. Canaccord Genuity reiterated a “buy” rating and set a GBX 195 ($2.55) price objective on shares of Genel Energy PLC in a research report on Monday, July 11th. Macquarie lifted their price objective on shares of Genel Energy PLC from GBX 118 ($1.54) to GBX 133 ($1.74) and gave the stock a “neutral” rating in a research report on Monday, July 11th. Finally, Goldman Sachs Group Inc. lifted their price objective on shares of Genel Energy PLC from GBX 113.90 ($1.49) to GBX 141.80 ($1.85) and gave the stock a “neutral” rating in a research report on Tuesday, June 28th.
Genel Energy PLC (LON:GENL) traded down 0.26% on Friday, reaching GBX 96.00. The company’s stock had a trading volume of 1,196,334 shares. The company’s market capitalization is GBX 267.25 million. The stock has a 50 day moving average price of GBX 98.18 and a 200-day moving average price of GBX 110.16. Genel Energy PLC has a 1-year low of GBX 71.75 and a 1-year high of GBX 389.50.
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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