Shares of Genel Energy PLC (LON:GENL) rose 2.6% on Thursday . The stock traded as high as GBX 194.60 ($2.54) and last traded at GBX 193 ($2.52). Approximately 83,241 shares changed hands during trading, a decline of 81% from the average daily volume of 439,099 shares. The stock had previously closed at GBX 188.20 ($2.46).
Separately, JPMorgan Chase & Co. boosted their price objective on shares of Genel Energy from GBX 287 ($3.75) to GBX 290 ($3.79) and gave the company an “overweight” rating in a research report on Tuesday, November 20th.
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Genel Energy Company Profile (LON:GENL)
Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.
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