Genel Energy PLC (LON:GENL) Receives GBX 159.89 Consensus Target Price from Analysts

Genel Energy PLC (LON:GENL) has earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 159.89 ($2.09).

A number of research firms have recently commented on GENL. Barclays PLC downgraded Genel Energy PLC to an “underweight” rating and boosted their price objective for the stock from GBX 115 ($1.50) to GBX 130 ($1.70) in a research note on Thursday, June 9th. Goldman Sachs Group Inc. lifted their target price on Genel Energy PLC from GBX 113.90 ($1.49) to GBX 141.80 ($1.85) and gave the stock a “neutral” rating in a report on Tuesday, June 28th. Canaccord Genuity restated a “buy” rating and issued a GBX 195 ($2.55) target price on shares of Genel Energy PLC in a report on Wednesday, August 31st. JPMorgan Chase & Co. lifted their target price on Genel Energy PLC from GBX 237 ($3.09) to GBX 247 ($3.22) and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Deutsche Bank AG decreased their target price on Genel Energy PLC from GBX 106 ($1.38) to GBX 91 ($1.19) and set a “sell” rating on the stock in a report on Thursday, September 15th.

Genel Energy PLC (LON:GENL) opened at 100.00 on Friday. The stock has a 50 day moving average price of GBX 97.87 and a 200-day moving average price of GBX 110.84. The stock’s market capitalization is GBX 278.38 million. Genel Energy PLC has a 12-month low of GBX 71.75 and a 12-month high of GBX 389.50.

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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