Igas Energy Upgraded to Buy at Westhouse Securities (IGAS)
Igas Energy (LON:IGAS) was upgraded by equities researchers at Westhouse Securities to a “buy” rating in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has a GBX 174 ($2.93) price objective on the stock, up from their previous price objective of GBX 150 ($2.53). Westhouse Securities’ target price points to a potential upside of 33.85% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Igas Energy in a research note on Monday, April 14th. They now have a GBX 133 ($2.24) price target on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Igas Energy in a research note on Tuesday, April 1st. They now have a GBX 170 ($2.86) price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 174.80 ($2.94).
Igas Energy (LON:IGAS) traded down 1.14% during mid-day trading on Thursday, hitting GBX 130.00. The stock had a trading volume of 1,264,004 shares. Igas Energy has a 1-year low of GBX 73.00 and a 1-year high of GBX 164.50. The stock has a 50-day moving average of GBX 128.4 and a 200-day moving average of GBX 119..
IGas Energy plc is exploring for, appraising, developing and producing oil and gas resources in Great Britain.
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