Ithaca Energy Receives Buy Rating from Westhouse Securities (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Westhouse Securities in a research note issued to investors on Friday, Stock Ratings News reports. They currently have a GBX 200 ($3.35) target price on the stock. Westhouse Securities’ target price suggests a potential upside of 44.89% from the company’s current price.
Shares of Ithaca Energy (LON:IAE) opened at 138.0316 on Friday. 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 141.8 and its 200-day moving average is GBX 140.8.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Ithaca Energy in a research note on Monday, January 27th. They now have a GBX 196 ($3.28) price target on the stock. Separately, 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 on Thursday, January 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Ithaca Energy in a research note on Monday, January 20th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 114.70 ($1.92).
Ithaca Energy Inc (LON:IAE) is involved in the exploration, development and production of oil and gas in the North Sea.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.