Genel Energy’s (GENL) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Genel Energy (LON:GENL) in a research report sent to investors on Wednesday. They currently have a GBX 320 ($4.14) target price on the stock.

A number of other analysts have also recently commented on GENL. Numis Securities cut Genel Energy to an add rating in a research report on Friday, June 22nd. JPMorgan Chase & Co. lifted their price target on Genel Energy from GBX 150 ($1.94) to GBX 287 ($3.72) and gave the stock an overweight rating in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Genel Energy presently has a consensus rating of Hold and a consensus target price of GBX 199.14 ($2.58).

Shares of Genel Energy opened at GBX 271 ($3.51) on Wednesday, Marketbeat Ratings reports. Genel Energy has a 1-year low of GBX 54.50 ($0.71) and a 1-year high of GBX 166.50 ($2.16).

About Genel Energy

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.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Genel Energy (LON:GENL)

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