Genel Energy PLC’s (GENL) “Underperform” Rating Reiterated at Jefferies Group
Jefferies Group reaffirmed their underperform rating on shares of Genel Energy PLC (LON:GENL) in a research note published on Thursday morning. Jefferies Group currently has a GBX 78 ($0.97) target price on the stock.
A number of other equities research analysts have also weighed in on GENL. Canaccord Genuity restated a buy rating and issued a GBX 195 ($2.41) target price on shares of Genel Energy PLC in a report on Wednesday, August 31st. Numis Securities Ltd lowered their target price on shares of Genel Energy PLC from GBX 220 ($2.72) to GBX 210 ($2.60) and set a buy rating on the stock in a report on Monday, July 25th. Deutsche Bank AG restated a sell rating on shares of Genel Energy PLC in a report on Thursday, September 29th. Liberum Capital upgraded shares of Genel Energy PLC to a buy rating and upped their target price for the stock from GBX 100 ($1.24) to GBX 179 ($2.22) in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG restated an underperform rating and issued a GBX 85 ($1.05) target price on shares of Genel Energy PLC in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 154.15 ($1.91).
Shares of Genel Energy PLC (LON:GENL) opened at 104.25 on Thursday. The firm’s 50-day moving average is GBX 97.63 and its 200 day moving average is GBX 111.27. Genel Energy PLC has a 12 month low of GBX 71.75 and a 12 month high of GBX 389.50. The firm’s market capitalization is GBX 290.21 million.
About Genel Energy PLC
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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