Canaccord Genuity Group Has Lowered Expectations for Genel Energy (LON:GENL) Stock Price

Genel Energy (LON:GENL) had its target price trimmed 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. The brokerage currently has a speculative buy rating on the stock.

Genel Energy Price Performance

GENL stock opened at GBX 68.90 ($0.89) on Wednesday. Genel Energy has a 1 year low of GBX 57.10 ($0.74) and a 1 year high of GBX 103 ($1.33). The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. The stock’s 50 day moving average price is GBX 64.81 and its 200 day moving average price is GBX 70.96. 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.