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Analysts at Canaccord Genuity reduced their target price on shares of IGAS Energy PLC (LON:IGAS) from GBX 170 ($2.82) to GBX 150 ($2.49) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 46.70% from the stock’s previous close.

Shares of IGAS Energy PLC (LON:IGAS) opened at 103.00 on Tuesday. IGAS Energy PLC has a 52-week low of GBX 98.00 and a 52-week high of GBX 164.50. The stock has a 50-day moving average of GBX 109.5 and a 200-day moving average of GBX 122..

Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of IGAS Energy PLC in a research note on Tuesday, August 26th. They now have a GBX 174 ($2.89) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of IGAS Energy PLC in a research note on Thursday, June 26th. They now have a GBX 164 ($2.72) price target on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. IGAS Energy PLC has an average rating of “Buy” and an average price target of GBX 155.25 ($2.58).

IGas Energy plc is exploring for, appraising, developing and producing oil and gas resources in Great Britain.

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