Ithaca Energy Now Covered by Stonecap Securities (IAE)
Equities research analysts at Stonecap Securities assumed coverage on shares of Ithaca Energy (LON:IAE) in a research note issued to investors on Wednesday, AR Network reports. The firm set an “outperform” rating and a GBX 3.50 ($0.06) price target on the stock. Stonecap Securities’ price target indicates a potential downside of 97.67% from the stock’s previous close.
Shares of Ithaca Energy (LON:IAE) traded down 1.80% on Wednesday, hitting GBX 150.00. 741,032 shares of the company’s stock traded hands. Ithaca Energy has a one year low of GBX 12.625 and a one year high of GBX 278.975. The stock has a 50-day moving average of GBX 121.8 and a 200-day moving average of GBX 116.1.
A number of other firms have also recently commented on IAE. Analysts at RBC Capital reiterated an “outperform” rating on shares of Ithaca Energy (LON:IAE) in a research note to investors on Monday. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Ithaca Energy (LON:IAE) in a research note to investors on Wednesday, September 11th. They now have a GBX 210 ($3.33) price target on the stock, up previously from GBX 200 ($3.18). Finally, analysts at Liberum Capital initiated coverage on shares of Ithaca Energy (LON:IAE) in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a GBX 210 ($3.33) price target on the stock.
One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 148.42 ($2.36).
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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