Genel Energy PLC (LON:GENL) had its price objective decreased by Barclays from GBX 500 ($7.53) to GBX 350 ($5.27) in a research note released on Tuesday morning,Marketbeat.com reports. Barclays currently has an equal weight rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Credit Suisse reiterated an outperform rating and set a GBX 585 ($8.81) price objective on shares of Genel Energy PLC in a research report on Wednesday, September 9th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 700 ($10.54) price target on shares of Genel Energy PLC in a report on Friday, August 7th. Jefferies Group reaffirmed a buy rating and issued a GBX 705 ($10.61) price objective on shares of Genel Energy PLC in a research note on Friday, August 7th. Beaufort Securities reissued a speculative buy rating on shares of Genel Energy PLC in a research report on Wednesday, October 21st. Finally, Citigroup Inc. reaffirmed a buy rating and issued a GBX 580 ($8.73) price objective on shares of Genel Energy PLC in a research report on Wednesday, August 5th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 526.40 ($7.92).
Shares of Genel Energy PLC (LON:GENL) opened at 279.0000 on Tuesday. Genel Energy PLC has a one year low of GBX 250.50 and a one year high of GBX 843.00. The company’s market cap is GBX 776.69 million. The firm has a 50-day moving average of GBX 302.52 and a 200-day moving average of GBX 419.37.
In related news, insider Hayward,Anthony (Tony) B sold 150,000 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 308 ($4.64), for a total transaction of £462,000 ($695,468.91). Also, insider Ozgul,Murat bought 30,000 shares of Genel Energy PLC stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of GBX 260 ($3.91) per share, for a total transaction of £78,000 ($117,416.83).
Genel Energy plc is a United-Kingdom-based exploration and production firm. The Company is an independent petroleum producer in the Kurdistan Region of Iraq. The Company is structured along two business sections being the geographical areas in which it manages: Kurdistan and Africa. The African investigation portfolio consists of eight licences. It’d operational bases in Erbil, Taq Taq and Suleimaniah; in Ankara, Turkey in London, and in the Kurdistan Region. The Company’s subsidiaries comprise: Genel Energy Holding Company Ltd, Genel Energy Somaliland Limited, A&T Petroleum Limited, Genel Energy UK Services Limited, Genel Energy Netherlands Holding 2 B., Phoenicia Energy Company Limited, Genel Energy Africa Exploration Limited and Genel Energy Somaliland Limited.
