Genel Energy (LON:GENL) Price Target Lowered to GBX 105 at Canaccord Genuity Group

Genel Energy (LON:GENL) had its target price reduced by Canaccord Genuity Group from GBX 110 ($1.39) to GBX 105 ($1.33) in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have a speculative buy rating on the stock.

Genel Energy Price Performance

LON:GENL opened at GBX 83.80 ($1.06) on Wednesday. The business’s 50-day moving average price is GBX 78.51 and its 200 day moving average price is GBX 78.63. The firm has a market cap of £234.14 million, a P/E ratio of -171.02, a PEG ratio of -0.03 and a beta of 1.26. Genel Energy has a 52-week low of GBX 64.10 ($0.81) and a 52-week high of GBX 137.48 ($1.74). The company has a quick ratio of 5.87, a current ratio of 7.36 and a debt-to-equity ratio of 58.61.

About Genel Energy

Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; 44% working interest in the Taq Taq PSC; and 30% working interest in the Sarta PSC located in the Kurdistan Region of Iraq (KRI).