Ithaca Energy Price Target Lowered to GBX 178 at Liberum Capital (IAE)
Investment analysts at Liberum Capital reduced their price objective on shares of Ithaca Energy (LON:IAE) from GBX 189 ($3.17) to GBX 178 ($2.99) in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price objective points to a potential upside of 32.84% from the company’s current price.
Ithaca Energy (LON:IAE) traded down 2.46% on Friday, hitting GBX 130.70. The stock had a trading volume of 564,406 shares. Ithaca Energy has a one year low of GBX 105.00 and a one year high of GBX 165.00. The stock has a 50-day moving average of GBX 139.1 and a 200-day moving average of GBX 141.7.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Ithaca Energy from GBX 180 ($3.02) to GBX 175 ($2.94) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 81.69 ($1.37).
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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