Genel Energy Receives Outperform Rating from Credit Suisse (GENL)
Genel Energy (LON: GENL)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse in a report released on Thursday. They currently have a $17.26 (1138 GBX) target price on the stock.
Shares of Genel Energy traded down 2.50% during mid-day trading on Thursday, hitting GBX 740.00. Genel Energy has a 52 week low of GBX 586.00 and a 52 week high of GBX 882.93. The stock’s 50-day moving average is currently GBX 731.7.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Monday. They now have a $15.26 price target on the stock.
Genel Energy plc, formerly Vallares PLC, is an exploration and production company. It is an independent oil producer in the Kurdistan Region of Iraq.
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