Brokerages Set Genel Energy (GENL) Target Price at $133.67

Shares of Genel Energy (LON:GENL) have earned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 133.67 ($1.79).

A number of analysts recently commented on the company. Canaccord Genuity reaffirmed a “speculative buy” rating and set a GBX 210 ($2.82) price target on shares of Genel Energy in a research report on Wednesday, March 28th. Deutsche Bank decreased their price target on Genel Energy from GBX 160 ($2.15) to GBX 142 ($1.91) and set a “hold” rating for the company in a research report on Friday, January 26th.

Shares of GENL traded down GBX 3 ($0.04) on Thursday, reaching GBX 286 ($3.84). 1,383,018 shares of the company’s stock traded hands, compared to its average volume of 439,099. Genel Energy has a 52-week low of GBX 54.50 ($0.73) and a 52-week high of GBX 166.50 ($2.23).

In related news, insider Martin Gudgeon purchased 100,000 shares of Genel Energy stock in a transaction dated Wednesday, May 2nd. The stock was bought at an average cost of GBX 230 ($3.09) per share, for a total transaction of £230,000 ($308,600.56).

About Genel Energy

Genel Energy plc engages in the oil and gas exploration and production activities. The company holds interests in the Taq Taq, Tawke, Miran, Bina Bawi, Peshkabir, and Chia Surkh assets in the Kurdistan Region of Iraq, as well as exploration assets in Somaliland and Morocco. As of December 31, 2016, it had proven and probable working interest reserves of 161 million barrels of oil equivalent.

Analyst Recommendations for Genel Energy (LON:GENL)

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