Genel Energy (LON:GENL) had its target price upped by investment analysts at Canaccord Genuity from GBX 200 ($2.76) to GBX 210 ($2.90) in a research note issued to investors on Monday, January 29th. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 85.19% from the stock’s previous close.
GENL has been the subject of several other research reports. Jefferies Group reiterated a “hold” rating and issued a GBX 145 ($2.00) target price on shares of Genel Energy in a research note on Wednesday, October 4th. Numis Securities reaffirmed a “buy” rating on shares of Genel Energy in a report on Wednesday, October 11th. Deutsche Bank raised their price objective on shares of Genel Energy from GBX 154 ($2.13) to GBX 160 ($2.21) and gave the stock a “hold” rating in a report on Monday, November 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 109 ($1.51) price objective on shares of Genel Energy in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 133.86 ($1.85).
Genel Energy (LON:GENL) traded up GBX 1.80 ($0.02) during mid-day trading on Monday, reaching GBX 113.40 ($1.57). 157,596 shares of the company’s stock were exchanged, compared to its average volume of 611,090. Genel Energy has a one year low of GBX 54.50 ($0.75) and a one year high of GBX 166.50 ($2.30). The company has a market capitalization of $315.29 and a PE ratio of -35.77.
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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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