Ithaca Energy Receives Consensus Rating of “Buy” from Brokerages (LON:IAE)
Shares of Ithaca Energy (LON:IAE) have earned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 81.69 ($1.37).
Shares of Ithaca Energy (LON:IAE) opened at 132.0936 on Wednesday. Ithaca Energy has a 1-year low of GBX 12.625 and a 1-year high of GBX 165.00. The stock has a 50-day moving average of GBX 136.2 and a 200-day moving average of GBX 141.5.
A number of analysts have recently weighed in on IAE shares. 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.
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