Royal Bank Of Canada Reaffirms Outperform Rating for Ithaca Energy Inc. (IAE)
Ithaca Energy Inc. (LON:IAE)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a report released on Tuesday. They presently have a GBX 95 ($1.24) price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 22.19% from the stock’s current price.
Other analysts also recently issued research reports about the company. Peel Hunt reiterated an “add” rating and set a GBX 47 ($0.61) price target on shares of Ithaca Energy in a research note on Wednesday, June 22nd. FinnCap reiterated a “buy” rating and set a GBX 96 ($1.25) price target on shares of Ithaca Energy in a research note on Tuesday, August 2nd. Canaccord Genuity upgraded Ithaca Energy to a “buy” rating and boosted their price target for the company from GBX 65 ($0.85) to GBX 85 ($1.11) in a research note on Tuesday, August 16th. Finally, Macquarie dropped their price target on Ithaca Energy from GBX 97 ($1.27) to GBX 96 ($1.25) and set an “outperform” rating on the stock in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Ithaca Energy currently has an average rating of “Hold” and a consensus target price of GBX 76.33 ($1.00).
Ithaca Energy (LON:IAE) traded up 5.07% during mid-day trading on Tuesday, hitting GBX 77.75. The company had a trading volume of 2,610,979 shares. The company has a 50-day moving average price of GBX 65.98 and a 200 day moving average price of GBX 56.06. Ithaca Energy has a 12 month low of GBX 16.00 and a 12 month high of GBX 80.75. The firm’s market capitalization is GBX 320.16 million.
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About Ithaca Energy
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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