Ithaca Energy Stock Rating Reaffirmed by Westhouse Securities (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “buy” rating reiterated by Westhouse Securities in a research note issued on Thursday. They currently have a GBX 190 ($3.26) target price on the stock. Westhouse Securities’ price target points to a potential upside of 32.01% from the company’s current price.
A number of other firms have also recently commented on IAE. Analysts at Liberum Capital reiterated a “buy” rating on shares of Ithaca Energy in a research note on Wednesday, July 2nd. They now have a GBX 189 ($3.24) price target on the stock, up previously from GBX 180 ($3.09). Separately, analysts at Canaccord Genuity raised their price target on shares of Ithaca Energy from GBX 180 ($3.09) to GBX 185 ($3.17) in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 72.63 ($1.25).
Ithaca Energy (LON:IAE) traded down 0.56% on Thursday, hitting GBX 143.9325. The stock had a trading volume of 332,454 shares. Ithaca Energy has a 1-year low of GBX 12.625 and a 1-year high of GBX 165.00. The stock’s 50-day moving average is GBX 141.3 and its 200-day moving average is GBX 144.5.
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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