Ithaca Energy Inc (IAE) Receives Consensus Rating of “Hold” from Analysts
Shares of Ithaca Energy Inc (LON:IAE) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm. Four analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 93.14 ($1.20).
Several brokerages recently commented on IAE. FinnCap reiterated a “hold” rating and issued a GBX 120 ($1.55) target price on shares of Ithaca Energy in a report on Thursday, March 23rd. Barclays PLC increased their price target on Ithaca Energy from GBX 85 ($1.10) to GBX 90 ($1.16) and gave the stock an “underweight” rating in a report on Friday, March 31st. Macquarie cut Ithaca Energy to an “underperform” rating and cut their price target for the stock from GBX 101 ($1.30) to GBX 86 ($1.11) in a report on Friday, February 3rd. Finally, Canaccord Genuity cut Ithaca Energy to a “sell” rating and increased their price target for the stock from GBX 110 ($1.42) to GBX 118 ($1.52) in a report on Tuesday, February 7th.
COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/05/22/ithaca-energy-inc-iae-receives-consensus-rating-of-hold-from-analysts.html.
Shares of Ithaca Energy (LON:IAE) traded up 0.23% during mid-day trading on Monday, hitting GBX 110.00. 13,726 shares of the company were exchanged. The firm has a 50 day moving average of GBX 108.01 and a 200 day moving average of GBX 102.53. The company’s market capitalization is GBX 456.55 million. Ithaca Energy has a 12-month low of GBX 45.00 and a 12-month high of GBX 121.00.
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 has interests in three general areas within the United Kingdom sector of the North Sea: Northern North Sea, which consists of Dons, Fionn and Broom; Central North Sea, which consists of Greater Stella Area (GSA), Cook and Pierce, and Southern England consisting of Wytch Farm.
Receive News & Ratings for Ithaca Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ithaca Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.