Genel Energy PLC (LON:GENL) had its price objective increased by Deutsche Bank AG from GBX 154 ($2.03) to GBX 160 ($2.10) in a research report sent to investors on Monday morning. Deutsche Bank AG currently has a hold rating on the stock.
Other research analysts have also recently issued research reports about the company. Numis Securities Ltd raised their target price on Genel Energy PLC from GBX 140 ($1.84) to GBX 200 ($2.63) and gave the company a buy rating in a research note on Friday, August 25th. Jefferies Group LLC raised Genel Energy PLC to a hold rating and raised their target price for the company from GBX 58 ($0.76) to GBX 145 ($1.91) in a research note on Tuesday, August 29th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 109 ($1.43) price target on shares of Genel Energy PLC in a research report on Friday, October 20th. Finally, Barclays PLC increased their price target on Genel Energy PLC from GBX 90 ($1.18) to GBX 155 ($2.04) and gave the company an underweight rating in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 114.78 ($1.51).
Shares of Genel Energy PLC (LON:GENL) traded down GBX 2.25 ($0.03) during mid-day trading on Monday, reaching GBX 113.75 ($1.50). The company had a trading volume of 310,057 shares, compared to its average volume of 1,070,000. Genel Energy PLC has a fifty-two week low of GBX 54.50 ($0.72) and a fifty-two week 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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