Ithaca Energy Given Consensus Rating of “Buy” by Brokerages (LON:IAE)
Ithaca Energy (LON:IAE) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 94.29 ($1.58).
Shares of Ithaca Energy (LON:IAE) opened at 142.25 on Wednesday. Ithaca Energy has a one year low of GBX 100.25 and a one year high of GBX 165.00. The stock has a 50-day moving average of GBX 147.1 and a 200-day moving average of GBX 146..
A number of analysts have recently weighed in on IAE shares. Analysts at Canaccord Genuity cut their price target on shares of Ithaca Energy from GBX 180 ($3.01) to GBX 175 ($2.93) in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Separately, analysts at Mackie raised their price target on shares of Ithaca Energy from C$2.85 to C$3.50 in a research note on Tuesday, April 1st. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Ithaca Energy in a research note on Tuesday, April 1st.
Ithaca Energy Inc is a North Sea oil and gas operator. The Company is focused on the appraisal and development of the United Kingdom undeveloped discoveries, the exploitation of its existing United Kingdom producing asset portfolio, and a Norwegian exploration and appraisal business.
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