Ithaca Energy PT Raised to GBX 180 at Canaccord Genuity (IAE)
Investment analysts at Canaccord Genuity raised their price objective on shares of Ithaca Energy (LON:IAE) from GBX 170 ($2.89) to GBX 180 ($3.06) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 22.50% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ithaca Energy in a research note on Tuesday, June 17th. They now have a GBX 190 ($3.23) price target on the stock. Separately, 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. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Ithaca Energy in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 48.76 ($0.83).
Ithaca Energy (LON:IAE) traded down 0.73% during mid-day trading on Wednesday, hitting GBX 145.9283. 2,104,700 shares of the company’s stock traded hands. 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 139.0 and its 200-day moving average is GBX 144.7.
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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