Royal Bank Of Canada reaffirmed their outperform rating on shares of Ithaca Energy Inc. (LON:IAE) in a research report released on Tuesday morning. They currently have a GBX 95 ($1.24) target price on the stock.
A number of other equities analysts have also recently issued reports on IAE. Barclays PLC cut Ithaca Energy to an underweight rating and increased their target price for the stock from GBX 40 ($0.52) to GBX 60 ($0.78) in a report on Thursday, June 9th. FinnCap reiterated a buy rating and issued a GBX 54 ($0.70) target price on shares of Ithaca Energy in a report on Wednesday, June 22nd. Peel Hunt reiterated an add rating and issued a GBX 47 ($0.61) target price on shares of Ithaca Energy in a report on Wednesday, June 22nd. Canaccord Genuity cut Ithaca Energy to a hold rating and increased their target price for the stock from GBX 55 ($0.72) to GBX 70 ($0.91) in a report on Thursday, June 23rd. Finally, Liberum Capital increased their target price on Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the stock a sell rating in a report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 76.33 ($1.00).
Ithaca Energy (LON:IAE) opened at 82.0549 on Tuesday. The company’s market capitalization is GBX 337.89 million. Ithaca Energy has a 52-week low of GBX 16.00 and a 52-week high of GBX 83.38. The firm’s 50-day moving average is GBX 65.98 and its 200-day moving average is GBX 56.06.
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 is engaged in oil and gas development and production and related activities in a geographical area being the North Sea.
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