Genel Energy (LON:GENL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Genel Energy's target price was raised by Jefferies Financial Group from GBX 85 to GBX 90, reflecting a potential upside of 42.32% from its previous close.
• Canaccord Genuity Group also restated a "speculative buy" rating with a price target of GBX 80, indicating confidence in the stock's future performance.
• Currently, Genel Energy has an average rating of "Buy" from analysts, with a significant 12-month price range between GBX 48.28 and GBX 89.

Genel Energy (LON:GENL - Get Free Report) had its target price boosted by equities researchers at Jefferies Financial Group from GBX 85 to GBX 90 in a research note issued on Monday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 42.32% from the stock's previous close.

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 80 price target on shares of Genel Energy in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 85.

Genel Energy Price Performance

LON GENL opened at GBX 63.24 on Monday. Genel Energy has a 12 month low of GBX 48.28 and a 12 month high of GBX 89. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87. The firm has a market capitalization of £174.12 million, a PE ratio of -3.21, a P/E/G ratio of -0.03 and a beta of 1.13. The company's 50 day simple moving average is GBX 66.28 and its 200 day simple moving average is GBX 59.93.

Genel Energy Company Profile

Genel Energy is a socially responsible oil producer with a low-cost and low-carbon production asset in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland and listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel's strategy is designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.