Westhouse Securities Reiterates “Buy” Rating for Ithaca Energy (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “buy” rating restated by Westhouse Securities in a research note issued on Tuesday. They currently have a GBX 190 ($3.19) price target on the stock. Westhouse Securities’ price objective indicates a potential upside of 39.96% from the company’s current price.
IAE has been the subject of a number of other recent research reports. Analysts at Investec initiated coverage on shares of Ithaca Energy in a research note on Thursday, August 7th. They set a “buy” rating and a GBX 175 ($2.94) price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Ithaca Energy from C$3.15 to C$3.30 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Ithaca Energy from GBX 185 ($3.10) to GBX 180 ($3.02) in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Ithaca Energy currently has an average rating of “Buy” and a consensus price target of GBX 83.47 ($1.40).
Shares of Ithaca Energy (LON:IAE) opened at 132.00 on Tuesday. Ithaca Energy has a 1-year low of GBX 105.00 and a 1-year high of GBX 165.00. The stock has a 50-day moving average of GBX 140.0 and a 200-day moving average of GBX 141.8.
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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