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Published On: Mon, Sep 14th, 2015

Somaliland:Genel Energy PLC Earns Outperform Rating from Credit Suisse (GENL)

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genelCredit Suisse reiterated their outperform rating on shares of Genel Energy PLC (LON:GENL) in a research note published on Wednesday, Analyst Ratings Network.com reports. Credit Suisse currently has a GBX 585 ($8.88) price objective on the stock.

GENL has been the topic of a number of other reports. Citigroup Inc. restated a buy rating and set a GBX 580 ($8.81) price target on shares of Genel Energy  PLC in a research note on Wednesday, August 5th. Barclays reaffirmed an overweight rating and set a GBX 800 ($12.15) target price on shares of Genel Energy PLC in a report on Friday, May 29th. Deutsche Bank reissued a buy rating and issued a GBX 700 ($10.63) price target on shares of Genel Energy PLC in a report on Wednesday, July 1st. Numis Securities Ltd reduced their target price on shares of Genel Energy PLC from GBX 878 ($13.33) to GBX 748 ($11.36) and set a buy rating on the stock in a report on Wednesday, July 22nd. Finally, Bank of America reissued a buy rating and set a GBX 710 ($10.78) price target on shares of Genel Energy PLC in a research report on Wednesday, May 20th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Genel Energy PLC has a consensus rating of Buy and an average price target of GBX 619.64 ($9.41).

Genel Energy PLC (LON:GENL) opened at 327.00 on Wednesday. The company’s market capitalization is GBX 910.31 million. Genel Energy PLC has a 52 week low of GBX 276.25 and a 52 week high of GBX 912.50. The company has a 50-day moving average of GBX 355.70 and a 200-day moving average of GBX 488.14.

Genel Energy plc is a United-Kingdom-based exploration and production company. The Company is an independent oil producer in the Kurdistan Region of Iraq . The Company is structured along two business segments being the geographical areas in which it operates: Kurdistan and Africa. The African exploration portfolio consists of eight licences. It had operational bases in Ankara, Turkey; in Taq Taq, Erbil and Suleimaniah in the Kurdistan Region, and in London. The Company’s subsidiaries include: Genel Energy Holding Company Ltd, Genel Energy Somaliland Limited, A&T Petroleum Limited, Genel Energy UK Services Limited, Genel Energy Netherlands Holding 2 B., Phoenicia Energy Company Limited, Genel Energy Africa Exploration Limited and Genel Energy Somaliland Limited.

Source: The Legacy

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