Shares of Genel Energy plc (LON:GENL – Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 52.17 and traded as high as GBX 52.80. Genel Energy shares last traded at GBX 51.40, with a volume of 446,046 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 90 price objective on shares of Genel Energy in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 85.
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Genel Energy Stock Down 0.6%
Genel Energy Company Profile
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.
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