IGAS Energy PLC 61.1% potential upside indicated by Canaccord Genuity

IGAS Energy PLC with ticker (LON:IGAS) now has a potential upside of 61.1% according to Canaccord Genuity.



Canaccord Genuity set a target price of 90 GBX for the company, which when compared to the IGAS Energy PLC share price of 35 GBX at opening today (13/04/2022) indicates a potential upside of 61.1%. Trading has ranged between 13 (52 week low) and 49 (52 week high) with an average of 2,407,703 shares exchanging hands daily. The market capitalisation at the time of writing is £44,374,685.

IGas Energy plc is a United Kingdom-based company that is engaged in exploring for, appraising, developing and producing oil and gas in Great Britain. The Company develops and produces gas and oil resources and reserves at onshore locations in the North West of England, the East Midlands, the Weald Basin in Southern England and the northern coastal area of the Inner Moray Firth in Scotland. It is also engaged in developing geothermal and hydrogen projects. It owns interest in approximately 47 licenses. Its subsidiaries include Dart Energy Pty Ltd, Island Gas Limited, Island Gas Operations Limited, IGas Energy Enterprise Limited, Star Energy Group Limited, Star Energy Weald Basin Limited, GT Energy UK Limited, Dart Energy (Europe) Limited and Dart Energy (East England) Limited.