Canaccord Genuity Reaffirms Buy Rating for IGAS Energy (IGAS)

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

LON:IGAS opened at GBX 79.80 ($1.04) on Tuesday. The firm has a market capitalization of $97.16 million and a price-to-earnings ratio of 19.46. The company has a debt-to-equity ratio of 11.75, a current ratio of 1.47 and a quick ratio of 1.00. IGAS Energy has a 52 week low of GBX 64.60 ($0.84) and a 52 week high of GBX 130 ($1.70).

In other IGAS Energy news, insider Stephen Bowler purchased 563 shares of the company’s stock in a transaction on Thursday, January 24th. The stock was acquired at an average price of GBX 80 ($1.05) per share, for a total transaction 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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