Genel Energy (LON:GENL)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Monday, Stock Ratings Network reports. They currently have a GBX 1,400 ($22.97) target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 39.30% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Genel Energy in a research note to investors on Monday, February 3rd. They now have a GBX 1,277 ($20.95) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Genel Energy from GBX 1,000 ($16.41) to GBX 1,070 ($17.56) in a research note to investors on Friday, January 24th. They now have an “equal weight” rating on the stock. Finally, analysts at Goldman Sachs downgraded shares of Genel Energy to a “neutral” rating in a research note to investors on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 1,220.55 ($20.03).
Shares of Genel Energy (LON:GENL) opened at 1005.00 on Monday. Genel Energy has a 1-year low of GBX 720.00 and a 1-year high of GBX 1144.00. The stock’s 50-day moving average is GBX 1048. and its 200-day moving average is GBX 989.8.
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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