Genel Energy (LON:GENL - Free Report) had its price objective reduced by Canaccord Genuity Group from GBX 98 ($1.27) to GBX 92 ($1.19) in a research report sent to investors on Wednesday morning, Marketbeat reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.
Genel Energy Price Performance
Genel Energy stock traded up GBX 0.40 ($0.01) during midday trading on Wednesday, reaching 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. Genel Energy has a 12-month low of GBX 57.10 ($0.74) and a 12-month high of GBX 103 ($1.34). The company has a market capitalization of £239.26 million, a P/E ratio of -11.29, a P/E/G ratio of -0.03 and a beta of 1.13. The firm's fifty day simple moving average is GBX 64.68 and its 200-day simple moving average is GBX 70.97.
About Genel Energy
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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.
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