Time to Buy Genel Energy PLC After Today’s Huge Decline?

 Time to Buy Genel Energy PLC After Today's Huge Decline?

The stock of Genel Energy PLC (LON:GENL) is a huge mover today! The stock decreased 1.95% or GBX 1.5 on November 23, hitting GBX 75.25. About 937,883 shares traded hands. Genel Energy PLC (LON:GENL) has declined 35.10% since April 22, 2016 and is downtrending. It has underperformed by 40.42% the S&P500.
The move comes after 6 months negative chart setup for the GBX 207.03 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 69.23 PT which if reached, will make LON:GENL worth GBX 16.56 million less.

Genel Energy PLC (LON:GENL) Ratings Coverage

Out of 15 analysts covering Genel Energy (LON:GENL), 8 rate it a “Buy”, 1 “Sell”, while 6 “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 134.43% above today’s (GBX 75.25) stock price. Genel Energy has been the topic of 90 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Thursday, September 15 by Deutsche Bank. Canaccord Genuity downgraded it to “Speculative Buy” rating and GBX 150 target price in Wednesday, October 26 report. Macquarie Research upgraded it to “Outperform” rating and GBX 366 target price in Monday, January 4 report. The firm earned “Buy” rating on Friday, September 11 by Jefferies. The firm has “Underweight” rating by Barclays Capital given on Thursday, June 9. The stock has “Overweight” rating given by Barclays Capital on Thursday, January 21. Liberum Capital maintained the stock with “Hold” rating in Friday, March 18 report. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 26. Jefferies downgraded the shares of GENL in a report on Thursday, April 7 to “Underperform” rating. The company was maintained on Friday, October 16 by Numis Securities.

More news for Genel Energy PLC (LON:GENL) were recently 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. Fool.Co.Uk‘s article titled: “Why are Gulf Keystone Petroleum Ltd and Genel Energy plc climbing?” and published on July 20, 2016 is yet another important article.

Genel Energy Plc is a holding company. The company has a market cap of 207.03 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.

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