Ithaca Energy Inc (IAE) Given Average Recommendation of “Hold” by Analysts
Shares of Ithaca Energy Inc (LON:IAE) have received an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 99 ($1.28).
Several equities research analysts have recently weighed in on the company. Macquarie reiterated an “underperform” rating and issued a GBX 86 ($1.11) price target on shares of Ithaca Energy in a report on Thursday, June 8th. Barclays PLC reduced their price target on Ithaca Energy from GBX 90 ($1.17) to GBX 75 ($0.97) and set an “underweight” rating on the stock in a report on Tuesday, April 11th. Finally, FinnCap restated a “hold” rating and set a GBX 120 ($1.55) price objective on shares of Ithaca Energy in a report on Thursday, March 23rd.
Shares of Ithaca Energy (LON IAE) remained flat at GBX 110.75 during midday trading on Tuesday. The company had a trading volume of 179,656 shares. Ithaca Energy has a 12-month low of GBX 48.88 and a 12-month high of GBX 121.00. The firm’s 50-day moving average price is GBX 106.79 and its 200 day moving average price is GBX 105.54.
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.
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