Ithaca Energy Receives New Coverage from Analysts at Liberum Capital (IAE)
Research analysts at Liberum Capital began coverage on shares of Ithaca Energy (LON:IAE) in a report released on Tuesday, Analyst Ratings Network reports. The firm set a “buy” rating and a GBX 210 ($3.28) price target on the stock. Liberum Capital’s price target suggests a potential upside of 66.01% from the stock’s previous close.
Ithaca Energy (LON:IAE) traded up 1.00% on Tuesday, hitting GBX 126.50. The stock had a trading volume of 552,154 shares. Ithaca Energy has a 52 week low of GBX 12.625 and a 52 week high of GBX 140.00. The stock’s 50-day moving average is GBX 116.8 and its 200-day moving average is GBX 115.3.
IAE has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Ithaca Energy (LON:IAE) in a research note to investors on Thursday, September 5th. Separately, analysts at RBC Capital cut their price target on shares of Ithaca Energy (LON:IAE) from C$3.60 to C$3.20 in a research note to investors on Wednesday, August 14th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Ithaca Energy (LON:IAE) from GBX 205 ($3.21) to GBX 203 ($3.17) in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Ithaca Energy presently has a consensus rating of “Buy” and an average target price of GBX 147.13 ($2.30).
Ithaca Energy Inc (LON:IAE) is involved in the exploration, development and production of oil and gas in the North Sea.
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