Genel Energy PLC (LON:GENL) Receives Average Rating of “Hold” from Brokerages

Shares of Genel Energy PLC (LON:GENL) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 85.36 ($1.11).

GENL has been the topic of several research analyst reports. Deutsche Bank AG decreased their target price on shares of Genel Energy PLC from GBX 67 ($0.87) to GBX 63 ($0.82) and set a “sell” rating on the stock in a research report on Tuesday, April 18th. J P Morgan Chase & Co decreased their target price 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 report on Wednesday, May 17th. Jefferies Group LLC decreased their target price 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 report on Wednesday, May 17th. Canaccord Genuity raised shares of Genel Energy PLC to a “speculative buy” rating and lifted their price target for the company from GBX 60 ($0.78) to GBX 95 ($1.24) in a research report on Friday, May 19th. Finally, GMP Securities reaffirmed a “speculative buy” rating on shares of Genel Energy PLC in a research report on Monday, June 12th.

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Genel Energy PLC (LON:GENL) opened at 115.75 on Friday. The firm has a 50-day moving average of GBX 98.87 and a 200 day moving average of GBX 84.02. Genel Energy PLC has a 12-month low of GBX 54.50 and a 12-month high of GBX 133.80. The firm’s market capitalization is GBX 322.24 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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