Research analysts at Canaccord Genuity started coverage on shares of Genel Energy (LON:GENL) in a report released on Monday, StockRatingsNetwork.com reports. The firm set a “hold” rating and a GBX 1,114 ($17.69) price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 17.95% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Genel Energy (LON:GENL) in a research note to investors on Wednesday, September 4th. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Genel Energy (LON:GENL) in a research note to investors on Wednesday, September 4th.
Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Genel Energy presently has a consensus rating of “Buy” and an average target price of GBX 1,150 ($18.26).
Genel Energy (LON:GENL) opened at 959.50 on Monday. Genel Energy has a one year low of GBX 715.00 and a one year high of GBX 1026.3199. The stock has a 50-day moving average of GBX 956.4 and a 200-day moving average of GBX 891.9.
Genel Energy plc, formerly Vallares PLC, is an exploration and production company. It is an independent oil producer in the Kurdistan Region of Iraq.