Canaccord Genuity Reiterates “Buy” Rating for IGAS Energy (LON:IGAS)

Canaccord Genuity reissued their buy rating on shares of IGAS Energy (LON:IGAS) in a research report released on Friday, February 2nd. The firm currently has a GBX 200 ($2.80) target price on the stock.

Shares of IGAS Energy (LON IGAS) traded down GBX 1.38 ($0.02) during midday trading on Friday, hitting GBX 79.62 ($1.12). 111,873 shares of the stock traded hands, compared to its average volume of 121,278. The firm has a market capitalization of $98.80 and a price-to-earnings ratio of -204.15. IGAS Energy has a 52-week low of GBX 3.80 ($0.05) and a 52-week high of GBX 103.50 ($1.45).

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About IGAS Energy

IGas Energy plc is a United Kingdom-based company engaged in producing oil and gas onshore. The Company is engaged in exploring for, appraising, developing and producing oil and gas. The Company operates through two segments: UK/Europe and Rest of the World. It is an onshore hydrocarbon producer, delivering natural gas and crude oil to the energy market.

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