Genel Energy plc (LON:GENL – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.82 and traded as low as GBX 51.10. Genel Energy shares last traded at GBX 52.60, with a volume of 108,013 shares trading hands.
Analysts Set New Price Targets
Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 90 target price on shares of Genel Energy in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 85.
Check Out Our Latest Analysis on Genel Energy
Genel Energy Stock Performance
About Genel Energy
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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