IGAS Energy (IGAS) Given Buy Rating at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of IGAS Energy (LON:IGAS) in a research report sent to investors on Monday, February 4th. The brokerage currently has a GBX 200 ($2.61) price objective on the stock.

LON:IGAS traded up GBX 1.60 ($0.02) during trading hours on Monday, reaching GBX 80.50 ($1.05). 43,810 shares of the stock were exchanged, compared to its average volume of 65,520. IGAS Energy has a twelve month low of GBX 3.80 ($0.05) and a twelve month high of GBX 103.50 ($1.35).

In related news, insider Stephen Bowler acquired 563 shares of the business’s stock in a transaction dated Thursday, January 24th. The stock was bought at an average price of GBX 80 ($1.05) per share, with a total value of £450.40 ($588.53).

IGAS Energy Company Profile

IGas Energy plc operates as an oil and gas exploration and production company Britain. It holds interests in the 55 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.

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