Peel Hunt Raises Ithaca Energy Inc. (IAE) Price Target to GBX 80
Ithaca Energy Inc. (LON:IAE) had its price objective raised by analysts at Peel Hunt from GBX 78 ($1.02) to GBX 80 ($1.04) in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 2.89% from the stock’s previous close.
A number of other brokerages also recently commented on IAE. Liberum Capital lifted their price objective on Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the company a “sell” rating in a research report on Wednesday, June 29th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 65 ($0.85) price objective on shares of Ithaca Energy in a research report on Wednesday, July 13th. FinnCap reaffirmed a “buy” rating and issued a GBX 96 ($1.25) price objective on shares of Ithaca Energy in a research report on Friday, July 22nd. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 70 ($0.91) price objective on shares of Ithaca Energy in a research report on Tuesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 95 ($1.24) price objective on shares of Ithaca Energy in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 76.33 ($1.00).
Ithaca Energy (LON:IAE) traded up 5.07% during trading on Tuesday, reaching GBX 77.75. The company had a trading volume of 2,610,979 shares. The company’s market capitalization 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. The firm’s 50 day moving average is GBX 65.98 and its 200-day moving average is GBX 56.06.
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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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