Several other equities analysts have also weighed in on the stock. Liberum Capital lifted their target price on shares of Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the company a sell rating in a report on Wednesday, June 29th. Canaccord Genuity reiterated a hold rating and issued a GBX 65 ($0.85) price objective on shares of Ithaca Energy in a report on Wednesday, July 13th. Peel Hunt boosted their price objective on shares of Ithaca Energy from GBX 78 ($1.02) to GBX 80 ($1.04) and gave the stock a buy rating in a report on Tuesday. Barclays PLC reiterated an underweight rating and issued a GBX 70 ($0.91) price objective on shares of Ithaca Energy in a report on Tuesday, August 23rd. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a GBX 95 ($1.24) price objective on shares of Ithaca Energy in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Ithaca Energy has a consensus rating of Hold and an average target price of GBX 76.33 ($1.00).
Ithaca Energy (LON:IAE) traded up 5.07% during trading on Thursday, hitting GBX 77.75. The company had a trading volume of 2,500,733 shares. Ithaca Energy has a 12 month low of GBX 16.00 and a 12 month high of GBX 80.75. The company’s 50 day moving average price is GBX 65.69 and its 200-day moving average price is GBX 55.93. The company’s market cap is GBX 320.16 million.
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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