Ithaca Energy Inc. (LON:IAE) had its target price raised by analysts at Peel Hunt from GBX 78 ($1.02) to GBX 80 ($1.04) in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 18.08% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 95 ($1.24) price target on shares of Ithaca Energy in a research report on Tuesday. Canaccord Genuity downgraded Ithaca Energy to a “hold” rating and increased their price target for the stock from GBX 55 ($0.72) to GBX 70 ($0.91) in a research report on Thursday, June 23rd. FinnCap reissued a “buy” rating and set a GBX 54 ($0.70) price target on shares of Ithaca Energy in a research report on Wednesday, June 22nd. Barclays PLC reissued an “underweight” rating and set a GBX 60 ($0.78) price target on shares of Ithaca Energy in a research report on Thursday, June 23rd. Finally, Liberum Capital increased their price target on Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the stock a “sell” rating in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 76.33 ($1.00).
Shares of Ithaca Energy (LON:IAE) opened at 68.375 on Tuesday. The firm’s 50 day moving average price is GBX 65.35 and its 200-day moving average price is GBX 55.26. Ithaca Energy has a 1-year low of GBX 16.00 and a 1-year high of GBX 76.00. The company’s market capitalization is GBX 281.56 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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