Genel Energy PLC (LON:GENL) PT Raised to GBX 58 at Jefferies Group LLC

Genel Energy PLC (LON:GENL) had its price target boosted by analysts at Jefferies Group LLC from GBX 37 ($0.48) to GBX 58 ($0.75) in a report released on Monday, July 24th. The brokerage currently has an “underperform” rating on the stock. Jefferies Group LLC’s target price indicates a potential downside of 50.85% from the company’s current price.

Several other analysts have also recently commented on the company. Deutsche Bank AG restated a “sell” rating and issued a GBX 67 ($0.87) target price on shares of Genel Energy PLC in a research report on Monday, March 27th. Canaccord Genuity upgraded Genel Energy PLC to a “speculative buy” rating and lifted their price target for the company from GBX 60 ($0.78) to GBX 95 ($1.23) in a research report on Friday, May 19th. J P Morgan Chase & Co lowered their price target on Genel Energy PLC from GBX 247 ($3.21) to GBX 109 ($1.42) and set an “overweight” rating on the stock in a research report on Wednesday, May 17th. GMP Securities reiterated a “speculative buy” rating on shares of Genel Energy PLC in a research report on Tuesday, July 4th. Finally, Macquarie reiterated an “underperform” rating and set a GBX 41 ($0.53) price target on shares of Genel Energy PLC in a research report on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 85.36 ($1.11).

Shares of Genel Energy PLC (LON:GENL) traded down 0.42% on Monday, reaching GBX 118.00. The company had a trading volume of 327,046 shares. The company’s market capitalization is GBX 328.51 million. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 133.80. The stock has a 50 day moving average price of GBX 104.69 and a 200-day moving average price of GBX 85.96.

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Genel Energy PLC 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 PLC (LON:GENL)

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