Genel Energy PLC’s (GENL) “Buy” Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reaffirmed their buy rating on shares of Genel Energy PLC (LON:GENL) in a research note released on Monday morning. The firm currently has a GBX 150 ($1.87) target price on the stock.

Several other equities research analysts also recently issued reports on the stock. Jefferies Group LLC upgraded shares of Genel Energy PLC to a hold rating and set a GBX 78 ($0.97) price objective for the company in a research note on Friday, November 18th. GMP Securities restated a speculative buy rating on shares of Genel Energy PLC in a research note on Monday, January 23rd. Barclays PLC upped their target price on shares of Genel Energy PLC from GBX 120 ($1.50) to GBX 130 ($1.62) and gave the company an equal weight rating in a research note on Monday, December 5th. Canaccord Genuity downgraded shares of Genel Energy PLC to a speculative buy rating and decreased their target price for the company from GBX 195 ($2.44) to GBX 150 ($1.87) in a research note on Wednesday, October 26th. Finally, Macquarie restated a neutral rating and issued a GBX 124 ($1.55) target price on shares of Genel Energy PLC in a research note on Thursday, January 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Genel Energy PLC presently has a consensus rating of Hold and an average price target of GBX 121.27 ($1.52).

Analyst Recommendations for Genel Energy PLC (LON:GENL)

Genel Energy PLC (LON:GENL) opened at 79.75 on Monday. The firm’s market cap is GBX 222.01 million. Genel Energy PLC has a 52-week low of GBX 65.35 and a 52-week high of GBX 178.10. The company’s 50 day moving average is GBX 77.10 and its 200 day moving average is GBX 86.32.

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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.

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