Genel Energy PLC (GENL) Receives GBX 133.67 Consensus Price Target from Analysts

Genel Energy PLC (LON:GENL) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 133.67 ($1.88).

Several brokerages have weighed in on GENL. Canaccord Genuity reissued a “speculative buy” rating and set a GBX 210 ($2.95) price objective on shares of Genel Energy in a report on Wednesday, March 28th. Deutsche Bank lowered their price target on Genel Energy from GBX 160 ($2.25) to GBX 142 ($1.99) and set a “hold” rating for the company in a research note on Friday, January 26th.

LON:GENL traded up GBX 3 ($0.04) on Wednesday, hitting GBX 171 ($2.40). 849,771 shares of the stock were exchanged, compared to its average volume of 439,099. Genel Energy has a 52 week low of GBX 54.50 ($0.77) and a 52 week high of GBX 166.50 ($2.34).

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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.

Analyst Recommendations for Genel Energy (LON:GENL)

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