Barclays restated their overweight rating on shares of Genel Energy PLC (LON:GENL) in a research note issued to investors on Thursday morning, AnalystRatings.NET reports. They currently have a GBX 350 ($4.99) price objective on the stock.

In other news, insider Ozgul,Murat purchased 30,000 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was bought at an average cost of GBX 260 ($3.70) per share, with a total value of £78,000 ($111,126.94).

GENL has been the subject of a number of other research reports. Numis Securities Ltd reiterated a hold rating and issued a GBX 418 ($5.96) price target on shares of Genel Energy PLC in a research report on Friday, October 16th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 610 ($8.69) price target on shares of Genel Energy PLC in a research report on Wednesday, October 21st. Beaufort Securities reiterated a speculative buy rating on shares of Genel Energy PLC in a research report on Tuesday, October 27th. Credit Suisse decreased their price target on Genel Energy PLC from GBX 465 ($6.62) to GBX 430 ($6.13) and set an outperform rating for the company in a research report on Monday, December 7th. Finally, Macquarie upgraded Genel Energy PLC to an outperform rating and set a GBX 366 ($5.21) price target for the company in a research report on Monday, January 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 435.07 ($6.20).

Shares of Genel Energy PLC (LON:GENL) traded up 1.9231% during mid-day trading on Thursday, hitting GBX 106.0000. The stock had a trading volume of 3,612,541 shares. Genel Energy PLC has a one year low of GBX 98.03 and a one year high of GBX 682.41. The firm’s market cap is GBX 295.08 million. The company has a 50-day moving average of GBX 158.43 and a 200 day moving average of GBX 286.47.

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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