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

Genel Energy (LON:GENL) had its price target trimmed by Canaccord Genuity Group from GBX 98 ($1.27) to GBX 92 ($1.20) in a report released on Wednesday, Marketbeat.com reports. The firm currently has a speculative buy rating on the stock.

Genel Energy Price Performance

GENL stock opened at GBX 63.70 ($0.83) on Wednesday. The firm has a 50 day simple moving average of GBX 64.59 and a two-hundred day simple moving average of GBX 70.99. The stock has a market cap of £221.21 million, a PE ratio of -10.44, a P/E/G ratio of -0.03 and a beta of 1.13. Genel Energy has a one year low of GBX 57.10 ($0.74) and a one year high of GBX 103 ($1.34). The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87.

About Genel Energy

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.