Ithaca Energy Inc (LON:IAE) Given Consensus Recommendation of “Hold” by Brokerages
Ithaca Energy Inc (LON:IAE) has been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 99 ($1.31).
Several analysts have weighed in on IAE shares. Macquarie reissued an “underperform” rating and set a GBX 86 ($1.13) price objective on shares of Ithaca Energy in a report on Thursday, June 8th. Barclays PLC dropped their price objective on Ithaca Energy from GBX 90 ($1.19) to GBX 75 ($0.99) and set an “underweight” rating for the company in a report on Tuesday, April 11th.
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Shares of Ithaca Energy (LON:IAE) remained flat at GBX 110.75 during trading on Friday. The company had a trading volume of 179,656 shares. Ithaca Energy has a one year low of GBX 48.88 and a one year high of GBX 121.00. The stock’s 50-day moving average is GBX 106.79 and its 200 day moving average is GBX 105.54.
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 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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