Genel Energy (LON:GENL) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Genel Energy plc (LON:GENL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.78 ($0.91) and traded as high as GBX 72.60 ($0.93). Genel Energy shares last traded at GBX 71.60 ($0.92), with a volume of 735,475 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on shares of Genel Energy from GBX 98 ($1.26) to GBX 92 ($1.18) and set a “speculative buy” rating on the stock in a report on Wednesday, March 19th.

Genel Energy Stock Up 1.0 %

The firm has a market cap of £248.64 million, a price-to-earnings ratio of -11.74, a P/E/G ratio of -0.03 and a beta of 1.13. The firm’s 50 day moving average price is GBX 65.26 and its two-hundred day moving average price is GBX 70.78. 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.