Ithaca Energy Given “Buy” Rating at Canaccord Genuity (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a GBX 175 ($2.90) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 27.99% from the company’s current price.
IAE has been the subject of a number of other recent research reports. Analysts at Liberum Capital cut their price target on shares of Ithaca Energy from GBX 189 ($3.14) to GBX 178 ($2.95) in a research note on Friday, August 15th. 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, August 12th. They now have a GBX 190 ($3.15) 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 ($2.90) price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 81.69 ($1.36).
Ithaca Energy (LON:IAE) opened at 137.00 on Tuesday. Ithaca Energy has a 52-week low of GBX 118.50 and a 52-week high of GBX 165.00. The stock’s 50-day moving average is GBX 134.1 and its 200-day moving average is GBX 141.5.
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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