Genel Energy’s (GENL) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Genel Energy (LON:GENL) in a research report report published on Wednesday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 80 ($1.08) target price on the stock.

Genel Energy Stock Performance

GENL opened at GBX 61 ($0.82) on Wednesday. The business’s 50 day moving average is GBX 59.09 and its 200-day moving average is GBX 59.60. The stock has a market cap of £211.83 million, a PE ratio of -10.00, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13. The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. Genel Energy has a twelve month low of GBX 48.28 ($0.65) and a twelve month high of GBX 89.50 ($1.20).

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.