Ithaca Energy Price Target Cut to GBX 190 by Analysts at Canaccord Genuity (IAE)
Analysts at Canaccord Genuity decreased their price target on shares of Ithaca Energy (LON:IAE) from GBX 200 ($3.30) to GBX 190 ($3.13) in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 29.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Ithaca Energy in a research note to investors on Friday, January 10th. They now have a GBX 196 ($3.23) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Ithaca Energy in a research note to investors on Thursday, January 9th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Ithaca Energy in a research note to investors on Wednesday, January 8th. They now have a GBX 3.40 ($0.06) price target on the stock, down previously from GBX 3.50 ($0.06). One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Ithaca Energy has a consensus rating of “Buy” and an average price target of GBX 129.30 ($2.13).
Ithaca Energy (LON:IAE) traded down 5.77% on Wednesday, hitting GBX 147.00. The stock had a trading volume of 6,175,166 shares. Ithaca Energy has a one year low of GBX 100.25 and a one year high of GBX 165.00. The stock’s 50-day moving average is GBX 152. and its 200-day moving average is GBX 137.3.
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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