Genel Energy (LON:GENL) Share Price Crosses Above 200 Day Moving Average - What's Next?

Genel Energy plc (LON:GENL - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.78 ($0.92) and traded as high as GBX 72.60 ($0.94). Genel Energy shares last traded at GBX 71.60 ($0.93), with a volume of 735,475 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on shares of Genel Energy from GBX 98 ($1.27) to GBX 92 ($1.19) and set a "speculative buy" rating on the stock in a report on Wednesday, March 19th.

Genel Energy Stock Performance

The company's fifty day simple moving average is GBX 65.45 and its 200 day simple moving average is GBX 70.75. The stock has a market capitalization of £246.90 million, a P/E ratio of -11.65, a P/E/G ratio of -0.03 and a beta of 1.13. The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32.

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.