The stock of Genel Energy PLC (LON:GENL) hit a new 52-week low and has GBX 59.95 target or 14.00% below today’s GBX 69.71 share price. The 5 months bearish chart indicates high risk for the GBX 194.07M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 59.95 price target is reached, the company will be worth GBX 27.17M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.84% or GBX 2.04 on November 8, hitting GBX 69.71. About 2.30 million shares traded hands or 21.69% up from the average. Genel Energy PLC (LON:GENL) has declined 15.59% since April 7, 2016 and is downtrending. It has underperformed by 17.54% the S&P500.
Genel Energy PLC (LON:GENL) Ratings Coverage
Out of 15 analysts covering Genel Energy (LON:GENL), 8 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 53% are positive. GBX 800 is the highest target while GBX 62 is the lowest. The GBX 176.41 average target is 153.06% above today’s (GBX 69.71) stock price. Genel Energy has been the topic of 89 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Wednesday, September 9 with “Outperform”. The stock of Genel Energy PLC (LON:GENL) has “Neutral” rating given on Thursday, October 27 by Credit Suisse. The stock has “Overweight” rating given by Barclays Capital on Wednesday, March 23. The firm has “Buy” rating by Numis Securities given on Thursday, July 28. The firm has “Buy” rating by Deutsche Bank given on Thursday, September 10. Barclays Capital maintained Genel Energy PLC (LON:GENL) rating on Wednesday, October 21. Barclays Capital has “Equal Weight” rating and GBX 500 price target. The firm has “Speculative Buy” rating given on Wednesday, October 26 by Canaccord Genuity. UBS maintained Genel Energy PLC (LON:GENL) on Friday, February 26 with “Neutral” rating. The stock of Genel Energy PLC (LON:GENL) has “Hold” rating given on Friday, January 15 by Liberum Capital. The stock of Genel Energy PLC (LON:GENL) earned “Buy” rating by Jefferies on Friday, September 11.
More recent Genel Energy PLC (LON:GENL) news were published by: Fool.Co.Uk which released: “Genel Energy plc & Tullow Oil plc still have a tough road ahead of them” on June 02, 2016. Also Wsj.com published the news titled: “Genel Shares Plunge After Tony Hayward’s Oil Explorer Cuts Crude Reserves at …” on February 29, 2016. Fool.Co.Uk‘s news article titled: “Why are Gulf Keystone Petroleum Ltd and Genel Energy plc climbing?” with publication date: July 20, 2016 was also an interesting one.
Genel Energy Plc is a holding company. The company has a market cap of 194.07 million GBP. The Firm is engaged in the business of gas and oil exploration and production in the Kurdistan Region of Iraq . It currently has negative earnings. The Company’s divisions include Kurdistan and Africa.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.