Ithaca Energy Given Consensus Recommendation of “Buy” by Brokerages (LON:IAE)
Ithaca Energy (LON:IAE) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 72.63 ($1.25).
Shares of Ithaca Energy (LON:IAE) opened at 143.7457 on Wednesday. Ithaca Energy has a 52 week low of GBX 12.625 and a 52 week high of GBX 165.00. The stock has a 50-day moving average of GBX 141.6 and a 200-day moving average of GBX 144.5.
A number of research firms have recently commented on IAE. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ithaca Energy in a research note on Thursday. They now have a GBX 190 ($3.26) price target on the stock. Separately, 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).
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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