Macquarie Reaffirms Underperform Rating for Genel Energy PLC (GENL)

Genel Energy PLC (LON:GENL)‘s stock had its “underperform” rating restated by analysts at Macquarie in a report released on Tuesday. They currently have a GBX 41 ($0.52) price objective on the stock. Macquarie’s price target suggests a potential downside of 57.40% from the stock’s previous close.

GENL has been the topic of several other reports. Canaccord Genuity boosted their price objective on shares of Genel Energy PLC from GBX 75 ($0.96) to GBX 80 ($1.02) and gave the company a “hold” rating in a research report on Wednesday, March 1st. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 67 ($0.85) price objective on shares of Genel Energy PLC in a research report on Monday, March 27th. Jefferies Group LLC cut their price objective on shares of Genel Energy PLC from GBX 58 ($0.74) to GBX 37 ($0.47) and set an “underperform” rating on the stock in a research report on Wednesday, May 17th. GMP Securities reaffirmed a “speculative buy” rating on shares of Genel Energy PLC in a research report on Friday, April 7th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 135 ($1.72) price objective on shares of Genel Energy PLC in a research report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Genel Energy PLC presently has a consensus rating of “Hold” and an average target price of GBX 92.22 ($1.17).

Analyst Recommendations for Genel Energy PLC (LON:GENL)

Shares of Genel Energy PLC (LON:GENL) opened at 96.25 on Tuesday. Genel Energy PLC has a one year low of GBX 54.50 and a one year high of GBX 178.10. The stock’s market capitalization is GBX 267.96 million. The company’s 50 day moving average price is GBX 85.45 and its 200 day moving average price is GBX 78.71.

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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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