Genel Energy Stock Rating Reaffirmed by Credit Suisse (GENL) January 8th, 2014 - 0 comments - Filed Under - by Lisa McLeod
Genel Energy logoGenel Energy (LON:GENL)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Monday, Analyst RN reports. They currently have a GBX 1,430 ($23.45) target price on the stock. Credit Suisse’s price objective indicates a potential upside of 33.27% from the company’s current price.
Shares of Genel Energy (LON:GENL) opened at 1077.00 on Monday. Genel Energy has a 52-week low of GBX 720.00 and a 52-week high of GBX 1114.00. The stock has a 50-day moving average of GBX 1045. and a 200-day moving average of GBX 975..
A number of other analysts have also recently weighed in on GENL. Analysts at Canaccord Genuity upgraded shares of Genel Energy to a “buy” rating in a research note to investorson Thursday, December 12th. They now have a GBX 1,240 ($20.34) price target on the stock, up previously from GBX 1,100 ($18.04). Separately, analysts at Investec downgraded shares of Genel Energy to a “hold” rating in a research note to investors on Tuesday, December 10th. They now have a GBX 1,140 ($18.70) price target on the stock, up previously from GBX 1,130 ($18.53). Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Wednesday, December 4th. They now have a GBX 1,150 ($18.86) price target on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,204.45 ($19.75).
Genel Energy plc, formerly Vallares PLC, is an exploration and production company. It is an independent oil producer in the Kurdistan Region of Iraq.
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