Genel Energy PLC (LON:GENL) was upgraded by Liberum Capital to a “buy” rating in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has a GBX 226 ($3.25) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 116.27% from the stock’s previous close.

Shares of Genel Energy PLC (LON:GENL) opened at 100.5000 on Tuesday. The stock’s market cap is GBX 279.77 million. Genel Energy PLC has a 1-year low of GBX 98.04 and a 1-year high of GBX 682.41. The company has a 50 day moving average price of GBX 143.19 and a 200 day moving average price of GBX 273.59.

A number of other research analysts also recently commented on GENL. JPMorgan Chase & Co. lowered their price target on shares of Genel Energy PLC from GBX 700 ($10.07) to GBX 610 ($8.78) and set an “overweight” rating for the company in a report on Thursday, October 8th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 418 ($6.01) price target on shares of Genel Energy PLC in a report on Friday, October 16th. Canaccord Genuity downgraded shares of Genel Energy PLC to a “speculative buy” rating and lowered their price target for the company from GBX 560 ($8.06) to GBX 450 ($6.47) in a report on Tuesday, October 20th. Barclays reaffirmed an “equal weight” rating and issued a GBX 500 ($7.19) price target on shares of Genel Energy PLC in a report on Wednesday, October 21st. Finally, Beaufort Securities reissued a “speculative buy” rating on shares of Genel Energy PLC in a research note on Wednesday, October 21st. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Genel Energy PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 418.73 ($6.02).

Genel Energy plc is a United-Kingdom-based exploration and production company. The Company is an independent oil producer in the Kurdistan Region of Iraq. The Company is structured along two business segments being the geographical areas in which it operates: Kurdistan and Africa. The African exploration portfolio consists of eight licences. It had operational bases in Ankara, Turkey; in Taq Taq, Erbil and Suleimaniah in the Kurdistan Region, and in London. The Company’s subsidiaries include: Genel Energy Holding Company Ltd, Genel Energy Somaliland Limited, A&T Petroleum Limited, Genel Energy UK Services Limited, Genel Energy Netherlands Holding 2 B., Phoenicia Energy Company Limited, Genel Energy Africa Exploration Limited and Genel Energy Somaliland Limited.

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