Ithaca Energy Rating Reiterated by RBC Capital (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “outperform” rating reaffirmed by research analysts at RBC Capital in a report released on Friday, American Banking News reports. They currently have a GBX 3.20 ($0.05) price target on the stock. RBC Capital’s target price would indicate a potential downside of 97.88% from the stock’s previous close.
A number of other firms have also recently commented on IAE. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ithaca Energy (LON:IAE) in a research note to investors on Monday, September 23rd. They now have a GBX 210 ($3.39) price target on the stock. Separately, analysts at Stonecap Securities initiated coverage on shares of Ithaca Energy (LON:IAE) in a research note to investors on Wednesday, September 18th. They set an “outperform” rating and a GBX 3.50 ($0.06) price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 132.28 ($2.13).
Ithaca Energy (LON:IAE) traded up 5.58% on Friday, hitting GBX 151.25. 749,386 shares of the company’s stock traded hands. Ithaca Energy has a 52-week low of GBX 100.25 and a 52-week high of GBX 164.00. The stock has a 50-day moving average of GBX 123.8 and a 200-day moving average of GBX 116.6.
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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