Citigroup Inc. restated their buy rating on shares of Genel Energy (LON:GENL) in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 1,150 ($18.83) target price on the stock.
Citigroup Inc. has also modified their ratings on a number of other stocks in the few days. The firm upgraded shares of Sasol Limited from a neutral rating to a buy rating. Also, Citigroup Inc. reiterated its buy rating on shares of Rio Tinto. Finally, Citigroup Inc. downgraded shares of Petroleo Brasileiro SA from a buy rating to a neutral rating. Their analysts now have a $14.00 price target on that stock, down previously from $25.00.
Shares of Genel Energy (LON:GENL) traded down 0.47% on Wednesday, hitting GBX 1050.00. 238,850 shares of the company’s stock traded hands. Genel Energy has a one year low of GBX 715.00 and a one year high of GBX 1082.00. The stock has a 50-day moving average of GBX 980.2 and a 200-day moving average of GBX 949.9.
Several other analysts have also recently commented on the stock. Analysts at UBS AG reiterated a buy rating on shares of Genel Energy in a research note to investors on Thursday, November 14th. They now have a GBX 1,035 ($16.94) price target on the stock. Separately, analysts at Beaufort Securities reiterated a speculative buy rating on shares of Genel Energy in a research note to investors on Thursday, October 31st. Finally, analysts at Liberum Capital reiterated a buy rating on shares of Genel Energy in a research note to investors on Wednesday, October 30th. They now have a GBX 1,150 ($18.83) price target on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 1,193.09 ($19.53).
Genel Energy plc, formerly Vallares PLC, is an exploration and production company. It is an independent oil producer in the Kurdistan Region of Iraq.
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