Genel Energy PLC (GENL) Given Average Rating of “Hold” by Brokerages

Shares of Genel Energy PLC (LON:GENL) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 117.50 ($1.59).

GENL has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 109 ($1.48) target price on shares of Genel Energy in a report on Friday, October 20th. Barclays lifted their target price on Genel Energy from GBX 90 ($1.22) to GBX 155 ($2.10) and gave the stock an “underweight” rating in a report on Thursday, September 14th. Deutsche Bank upgraded Genel Energy to a “hold” rating and lifted their target price for the stock from GBX 72 ($0.98) to GBX 154 ($2.09) in a report on Friday, October 13th. Numis Securities reiterated a “buy” rating on shares of Genel Energy in a report on Wednesday, October 11th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 145 ($1.97) target price on shares of Genel Energy in a report on Wednesday, October 4th.

Genel Energy (LON GENL) traded down GBX 1.20 ($0.02) during midday trading on Friday, reaching GBX 127.40 ($1.73). The company’s stock had a trading volume of 409,002 shares, compared to its average volume of 616,155. The stock has a market cap of $354.65 and a PE ratio of -39.32. Genel Energy has a fifty-two week low of GBX 54.50 ($0.74) and a fifty-two week high of GBX 166.50 ($2.26).

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Genel Energy 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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