Independent Oil & Gas PLC 126.9% Potential Upside Indicated by Peel Hunt

Broker Ratings
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Independent Oil & Gas PLC with EPIC/TICKER (LON:IOG) a UK based Development & Production company with established interests in four UK North Sea licences had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Peel Hunt. Independent Oil & Gas PLC are listed in the Oil & Gas sector within AIM. Peel Hunt have set their target price at 41 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 126.9% from today’s opening price of 18.07 GBX. Over the last 30 and 90 trading days the company share price has decreased 0.68 points and increased 0.07 points respectively. The 1 year high share price is 26 GBX while the year low share price is currently 10.01 GBX.

Independent Oil & Gas PLC has a 50 day moving average of 19.65 GBX and a 200 day moving average of 16.78. There are currently 479,944,044 shares in issue with the average daily volume traded being 950,757. Market capitalisation for LON:IOG is £86,725,411 GBP.

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