Canaccord Genuity Group Cuts Genel Energy (LON:GENL) Price Target to GBX 92

Genel Energy (LON:GENL - Free Report) had its price objective lowered by Canaccord Genuity Group from GBX 98 ($1.27) to GBX 92 ($1.19) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Genel Energy Stock Performance

Shares of LON GENL traded up GBX 0.40 ($0.01) during mid-day trading on Wednesday, hitting GBX 68.90 ($0.89). The company had a trading volume of 548,183 shares, compared to its average volume of 426,406. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87. The business's 50-day simple moving average is GBX 64.81 and its 200-day simple moving average is GBX 70.86. Genel Energy has a 12 month low of GBX 57.10 ($0.74) and a 12 month high of GBX 103 ($1.33). The firm has a market cap of £239.26 million, a P/E ratio of -11.29, a PEG ratio of -0.03 and a beta of 1.13.

Genel Energy Company Profile

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects.