Ithaca Energy Inc. (IAE) Stock Rating Reaffirmed by FinnCap
Ithaca Energy Inc. (LON:IAE)‘s stock had its “buy” rating reaffirmed by investment analysts at FinnCap in a report released on Thursday. They presently have a GBX 96 ($1.25) target price on the stock. FinnCap’s price objective suggests a potential upside of 23.47% from the company’s current price.
IAE has been the subject of a number of other research reports. Barclays PLC lowered Ithaca Energy to an “underweight” rating and increased their target price for the company from GBX 40 ($0.52) to GBX 60 ($0.78) in a report on Thursday, June 9th. Canaccord Genuity lowered Ithaca Energy to a “hold” rating and increased their target price for the company from GBX 55 ($0.72) to GBX 70 ($0.91) in a report on Thursday, June 23rd. Macquarie reduced their target price on Ithaca Energy from GBX 97 ($1.27) to GBX 96 ($1.25) and set an “outperform” rating for the company in a report on Friday, August 5th. Peel Hunt restated an “add” rating and issued a GBX 47 ($0.61) target price on shares of Ithaca Energy in a report on Wednesday, June 22nd. Finally, Liberum Capital increased their target price on Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the company a “sell” rating in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 76.33 ($1.00).
Ithaca Energy (LON:IAE) traded up 5.07% on Thursday, hitting GBX 77.75. The company had a trading volume of 2,610,979 shares. The firm’s 50 day moving average price is GBX 66.01 and its 200 day moving average price is GBX 56.08. The stock’s market cap is GBX 320.16 million. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 80.75.
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Ithaca Energy Company Profile
Ithaca Energy Inc is a North Sea oil and gas operator engaged in the appraisal and development of the United Kingdom undeveloped discoveries and the exploitation of its existing the United Kingdom producing asset portfolio. The Company is engaged in oil and gas development and production and related activities in a geographical area being the North Sea.
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