Canaccord Genuity Group Lowers Genel Energy (LON:GENL) Price Target to GBX 92

Genel Energy (LON:GENL) had its target price lowered by analysts at Canaccord Genuity Group from GBX 98 ($1.27) to GBX 92 ($1.19) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 34.31% from the stock’s current price.

Genel Energy Trading Up 7.5 %

GENL opened at GBX 68.50 ($0.89) on Wednesday. The business has a 50 day simple moving average of GBX 64.68 and a two-hundred day simple moving average of GBX 70.97. The firm has a market capitalization of £237.87 million, a price-to-earnings ratio of -11.23, a PEG ratio of -0.03 and a beta of 1.13. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87. Genel Energy has a one year low of GBX 57.10 ($0.74) and a one year high of GBX 103 ($1.34).

Genel Energy Company Profile

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects.