Deutsche Bank AG Raises Genel Energy PLC (GENL) Price Target to GBX 160
Genel Energy PLC (LON:GENL) had its target price raised by equities research analysts at Deutsche Bank AG from GBX 154 ($2.03) to GBX 160 ($2.10) in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 36.17% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Numis Securities Ltd increased their price objective on shares of Genel Energy PLC from GBX 140 ($1.84) to GBX 200 ($2.63) and gave the company a “buy” rating in a report on Friday, August 25th. Jefferies Group LLC upgraded shares of Genel Energy PLC to a “hold” rating and raised their target price for the stock from GBX 58 ($0.76) to GBX 145 ($1.91) in a report on Tuesday, August 29th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 109 ($1.43) target price on shares of Genel Energy PLC in a report on Friday, October 20th. Finally, Barclays PLC raised their target price on shares of Genel Energy PLC from GBX 90 ($1.18) to GBX 155 ($2.04) and gave the stock an “underweight” rating in a report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 114.78 ($1.51).
Genel Energy PLC (LON:GENL) opened at GBX 117.50 ($1.55) on Monday. Genel Energy PLC has a 1-year low of GBX 54.50 ($0.72) and a 1-year high of GBX 166.50 ($2.19).
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.
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