Deutsche Bank reiterated Genel Energy PLC (LON:GENL) to Sell in a statement released earlier today.
- Updated: October 1, 2016
Only yesterday Genel Energy PLC (LON:GENL) traded -0.26% lower at 0.00GBX. GENL’s 50-day average is 98.18GBX and its 200-day moving average is 110.16GBX. The last stock price is down -12.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 1,196,334 shares of GENL changing hands under the typical 2,172,590
Deutsche Bank has reiterated Genel Energy PLC (LON:GENL) to Sell in a report released on 9/29/2016. They are also stating a potential upside of 0%.
On Thursday September 15, 2016, Deutsche Bank reported about Genel Energy PLC (LON:GENL) dropped the target price from 106.00GBX to 91.00GBX that suggested an upside of 0%.
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Genel Energy PLC has a with a 52 week low of 71.75GBX and a 52 week high of 389.50GBX The company’s market cap is currently 0 GBX.
In addition to Deutsche Bank reporting its target price, a total of 19 firms have reported on GENL. The one year target is 2.08GBX with five analysts rating the company a strong buy, three analysts rating the company a buy, ten analysts rating the company a hold, four equity analysts rating the company a underperform, and lastly one equity analyst rating the company a sell.
Brief Synopsis About Genel Energy PLC (LON:GENL)
Genel Energy Plc is a holding company. The Company is engaged in the business of oil and gas exploration and production in the Kurdistan Region of Iraq (KRI). The Company's segments include Kurdistan and Africa. The Company has interests in approximately two producing fields in the Kurdistan Region of Iraq, Taq Taq and Tawke, with access to local and international markets. Its fields have an estimated gross proven and probable (2P) reserves of approximately 800 million barrels of oil, and gross proven, probable and possible reserves of approximately 1.2 billion barrels of oil. Its Taq Taq license area is located approximately 60 kilometers northeast of the Kirkuk oil field and the adjacent city of Kirkuk, over 85 kilometers southeast of the city of Erbil and over 120 kilometers northwest of the city of Sulaimaniah. The gross area of the Taq Taq license area is approximately 950 square kilometers. Its Bina Bawi field is located approximately 300 kilometers from Turkey.
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