Genel Energy (LON:GENL) Cut to “Neutral” at JPMorgan Chase & Co.

Genel Energy (LON:GENLGet Rating) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Friday, MarketBeat Ratings reports. They currently have a GBX 182 ($2.24) price objective on the stock, up from their previous price objective of GBX 177 ($2.18). JPMorgan Chase & Co.‘s price target points to a potential upside of 6.31% from the stock’s current price.

Separately, Canaccord Genuity Group upped their price objective on shares of Genel Energy from GBX 185 ($2.28) to GBX 210 ($2.59) and gave the stock a “speculative buy” rating in a research report on Thursday, April 7th.

Shares of Genel Energy stock opened at GBX 171.20 ($2.11) on Friday. The firm has a 50-day simple moving average of GBX 177.59 and a two-hundred day simple moving average of GBX 152.23. The company has a market cap of £476.45 million and a P/E ratio of -1.90. Genel Energy has a fifty-two week low of GBX 113.85 ($1.40) and a fifty-two week high of GBX 200 ($2.47). The company has a debt-to-equity ratio of 47.86, a quick ratio of 4.41 and a current ratio of 4.41.

About Genel Energy (Get Rating)

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).

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