Genel Energy plc (LON:GENL - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 60.02 ($0.81) and traded as high as GBX 71.28 ($0.96). Genel Energy shares last traded at GBX 70.10 ($0.94), with a volume of 325,430 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 80 target price on shares of Genel Energy in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 80.
Check Out Our Latest Report on GENL
Genel Energy Stock Performance
The company has a market cap of £193.01 million, a PE ratio of -355.84, a P/E/G ratio of -0.03 and a beta of 1.13. The company has a quick ratio of 5.87, a current ratio of 5.26 and a debt-to-equity ratio of 59.32. The business's fifty day moving average is GBX 65 and its 200-day moving average is GBX 60.02.
About Genel Energy
(
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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.
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