Genel Energy PLC (GENL) Price Target Cut to GBX 37

Genel Energy PLC (LON:GENL) had its target price lowered by Jefferies Group LLC from GBX 58 ($0.73) to GBX 37 ($0.47) in a research report report published on Wednesday, May 17th. Jefferies Group LLC currently has an underperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank AG restated a sell rating and set a GBX 67 ($0.85) price target on shares of Genel Energy PLC in a research note on Monday, March 27th. J P Morgan Chase & Co cut their price target on Genel Energy PLC from GBX 247 ($3.12) to GBX 109 ($1.38) and set an overweight rating for the company in a research note on Wednesday, May 17th. Numis Securities Ltd restated a buy rating and set a GBX 150 ($1.90) price target on shares of Genel Energy PLC in a research note on Monday, February 13th. GMP Securities restated a speculative buy rating on shares of Genel Energy PLC in a research note on Monday, January 23rd. Finally, Barclays PLC boosted their price target on Genel Energy PLC from GBX 70 ($0.89) to GBX 95 ($1.20) and gave the company an equal weight rating in a research note on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 92.22 ($1.17).

Genel Energy PLC (LON GENL) opened at 95.50 on Wednesday. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 178.10. The firm’s 50-day moving average is GBX 84.73 and its 200-day moving average is GBX 78.51. The company’s market cap is GBX 265.87 million.

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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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