Genel Energy (LON:GENL)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday.
A number of other analysts have also commented on GENL. Numis Securities lowered Genel Energy to an “add” rating in a report on Friday, June 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 320 ($4.14) target price on shares of Genel Energy in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 199.14 ($2.58).
Genel Energy opened at GBX 275 ($3.56) on Wednesday, MarketBeat.com reports. Genel Energy has a 12 month low of GBX 54.50 ($0.71) and a 12 month high of GBX 166.50 ($2.16).
Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.
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