Igas Energy Price Target Cut to GBX 170 (IGAS)
Analysts at Canaccord Genuity dropped their price target on shares of Igas Energy (LON:IGAS) from GBX 180 ($2.97) to GBX 170 ($2.80) in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 35.99% from the company’s current price.
IGAS has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Igas Energy in a research note to investors on Monday. They now have a GBX 195 ($3.21) price target on the stock. Separately, analysts at Beaufort Securities downgraded shares of Igas Energy to a “hold” rating in a research note to investors on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Igas Energy has an average rating of “Buy” and a consensus price target of GBX 171.25 ($2.82).
IGas Energy plc is exploring for, appraising, developing and producing oil and gas resources in Great Britain.
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