Ithaca Energy Rating Reiterated by Westhouse Securities (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “buy” rating reaffirmed by investment analysts at Westhouse Securities in a note issued to investors on Tuesday. They currently have a GBX 190 ($3.23) target price on the stock. Westhouse Securities’ target price would indicate a potential upside of 34.99% from the stock’s previous close.
Ithaca Energy (LON:IAE) opened at 142.00 on Tuesday. Ithaca Energy has a 1-year low of GBX 105.00 and a 1-year high of GBX 165.00. The stock’s 50-day moving average is GBX 140.4 and its 200-day moving average is GBX 144.8.
A number of other analysts have also recently weighed in on IAE. Analysts at Imperial Capital cut their price target on shares of Ithaca Energy from C$3.30 to C$3.15 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Ithaca Energy in a research note on Friday, May 16th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Ithaca Energy has an average rating of “Buy” and an average target price of GBX 61.12 ($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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