Ithaca Energy Given Consensus Recommendation of “Buy” by Brokerages (LON:IAE)
Shares of Ithaca Energy (LON:IAE) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, Stock Ratings Network reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 81.69 ($1.37).
Shares of Ithaca Energy (LON:IAE) opened at 132.00 on Wednesday. Ithaca Energy has a 52 week low of GBX 105.00 and a 52 week high of GBX 165.00. The stock’s 50-day moving average is GBX 137.6 and its 200-day moving average is GBX 141.7.
IAE has been the subject of a number of recent research reports. Analysts at Liberum Capital cut their price target on shares of Ithaca Energy from GBX 189 ($3.16) to GBX 178 ($2.98) in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Ithaca Energy from GBX 180 ($3.01) to GBX 175 ($2.93) in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Ithaca Energy in a research note on Tuesday, August 12th. They now have a GBX 190 ($3.18) price target on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.