Genel Energy PLC (GENL) Receives GBX 204.25 Consensus Price Target from Brokerages

Genel Energy PLC (LON:GENL) has earned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 204.25 ($2.66).

GENL has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 320 ($4.17) price objective on shares of Genel Energy in a research report on Wednesday, August 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Genel Energy in a research report on Wednesday, August 8th. Finally, Numis Securities cut Genel Energy to an “add” rating in a research report on Friday, June 22nd.

GENL stock traded down GBX 8.50 ($0.11) during trading hours on Wednesday, hitting GBX 249 ($3.24). 1,130,747 shares of the stock were exchanged, compared to its average volume of 439,099. Genel Energy has a 12 month low of GBX 54.50 ($0.71) and a 12 month high of GBX 166.50 ($2.17).

About Genel Energy

Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.

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Analyst Recommendations for Genel Energy (LON:GENL)

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