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Ithaca Energy (LON:IAE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 196 ($3.23) price objective on the stock. Liberum Capital’s price objective suggests a potential upside of 48.01% from the stock’s previous close.

Shares of Ithaca Energy (LON:IAE) traded down 1.55% on Monday, hitting GBX 132.421. The stock had a trading volume of 1,068,934 shares. Ithaca Energy has a 52 week low of GBX 100.25 and a 52 week high of GBX 165.00. The stock’s 50-day moving average is GBX 151.0 and its 200-day moving average is GBX 138.3.

Several other analysts have also recently commented on the stock. Analysts at Imperial Capital raised their price target on shares of Ithaca Energy from C$3.05 to C$3.30 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Ithaca Energy in a research note to investors on Monday, January 20th. Finally, analysts at Westhouse Securities cut their price target on shares of Ithaca Energy from GBX 210 ($3.46) to GBX 200 ($3.30) in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 114.70 ($1.89).

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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