Canaccord Genuity Reaffirms Buy Rating for IGAS Energy (IGAS)

Canaccord Genuity reiterated their buy rating on shares of IGAS Energy (LON:IGAS) in a report issued on Tuesday. They currently have a GBX 200 ($2.61) target price on the stock.

Shares of IGAS opened at GBX 79.80 ($1.04) on Tuesday. IGAS Energy has a 1-year low of GBX 64.60 ($0.84) and a 1-year high of GBX 130 ($1.70). The company has a debt-to-equity ratio of 11.75, a current ratio of 1.47 and a quick ratio of 1.00. The firm has a market capitalization of $97.16 million and a P/E ratio of 19.46.

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

About IGAS Energy

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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