Ithaca Energy Price Target Lowered to C$3.15 at Imperial Capital (IAE)
Research analysts at Imperial Capital reduced their price target on shares of Ithaca Energy (LON:IAE) from C$3.30 to C$3.15 in a report released on Thursday. The firm currently has an “outperform” rating on the stock.
Ithaca Energy (LON:IAE) traded down 0.41% during mid-day trading on Thursday, hitting GBX 134.9436. 369,371 shares of the company’s stock traded hands. Ithaca Energy has a 52-week low of GBX 105.00 and a 52-week high of GBX 165.00. The stock’s 50-day moving average is GBX 142.4 and its 200-day moving average is GBX 145.3.
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 on Friday, May 16th. Separately, analysts at Dundee Securities cut their price target on shares of Ithaca Energy from C$3.70 to C$3.60 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Ithaca Energy from C$3.40 to C$3.30 in a research note on Monday, May 12th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 62.23 ($1.04).
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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