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Research analysts at Canaccord Genuity reduced their price target on shares of Ithaca Energy (LON:IAE) from GBX 180 ($3.02) to GBX 175 ($2.94) in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 31.96% from the company’s current price.

Shares of Ithaca Energy (LON:IAE) opened at 134.075 on Wednesday. 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 139.9 and a 200-day moving average of GBX 141.8.

Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ithaca Energy in a research note on Tuesday. They now have a GBX 190 ($3.19) price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 82.91 ($1.39).

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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