Independent Oil & Gas PLC 219.8% Potential Upside Indicated by finnCap

Broker Ratings

Independent Oil & Gas PLC using EPIC/TICKER code (LON:IOG) a UK based Development & Production company with established interests in four UK North Sea licences has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘CORPORATE’ this morning by analysts at finnCap. Independent Oil & Gas PLC are listed in the Oil & Gas sector within AIM. finnCap have set a target price of 60 GBX on its stock. This is indicating the analyst believes there is a potential upside of 219.8% from today’s opening price of 18.76 GBX. Over the last 30 and 90 trading days the company share price has increased 4.38 points and increased 5.77 points respectively. The 1 year high for the share price is 36 GBX while the 52 week low is 10.01 GBX.

Independent Oil & Gas PLC has a 50 day moving average of 15.82 GBX and a 200 day moving average of 16.52. There are currently 341,332,750 shares in issue with the average daily volume traded being 2,145,072. Market capitalisation for LON:IOG is £64,853,222 GBP.

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