Will the Recent Goldman Sachs Downgrade Hurt Genel Energy (LON:GENL) Shares This Week?


Genel Energy (LON:GENL) Receives a Downgrade

In analysts note sent to clients and investors moments ago, Goldman Sachs downgraded their rating for shares of Genel Energy (LON:GENL) to a “Neutral”. Analysts currently have set a GBX 333.00 Estimated Target Price on the stock. Goldman Sachs’s Estimated Target Price would indicate a possible upside of 40.51% from the close price of the stock.

From a total of 26 analysts covering Genel Energy (LON:GENL) stock, 20 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 74% of the ratings are positive. The highest target price is GBX 18.09 while the lowest target price is GBX 4.31. The mean of all analyst targets is GBX 8.49 with a 107.28% above today’s (GBX 229) stock price. Genel Energy was the topic of 32 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 4 with “Equal Weight” rating. Liberum Capital maintained shares with “Hold” rating and GBX 286 target share price in a report from a November 10. JP Morgan maintained GENL stock in a recent report from November 26 with “Overweight” rating. Investec maintained the rating on October 26. Investec has a “Buy” rating and a GBX 445 price target on shares. Finally, Numis Securities maintained the stock with “Hold” rating in a report issued on a November 18.

Approximately 1.03 million shares of stock traded hands. Genel Energy PLC (LON:GENL) has declined 57.72% since May 7, 2015 and is downtrending. It has underperformed by 54.94% the S&P500.

 Will the Recent Goldman Sachs Downgrade Hurt Genel Energy (LON:GENL) Shares This Week?

Genel Energy plc is a United-Kingdom exploration and production company. The company has a market cap of 629.28 million GBP. The Firm is an independent oil producer in the Kurdistan Region of Iraq. It currently has negative earnings. The Firm is structured along two business divisions being the geographical areas in which it operates: Kurdistan and Africa.