Peel Hunt Boosts Ithaca Energy Inc. (IAE) Price Target to GBX 80
Ithaca Energy Inc. (LON:IAE) had its price target raised by research analysts at Peel Hunt from GBX 78 ($1.02) to GBX 80 ($1.04) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective indicates a potential upside of 18.08% from the stock’s previous close.
IAE has been the subject of several other research reports. Barclays PLC lowered Ithaca Energy to an “underweight” rating and raised their price objective for the company from GBX 40 ($0.52) to GBX 60 ($0.78) in a research report on Thursday, June 9th. Canaccord Genuity lowered Ithaca Energy to a “hold” rating and lifted their price target for the stock from GBX 55 ($0.72) to GBX 70 ($0.91) in a research report on Thursday, June 23rd. Macquarie lowered their price target on Ithaca Energy from GBX 97 ($1.27) to GBX 96 ($1.25) and set an “outperform” rating for the company in a research report on Friday, August 5th. Liberum Capital lifted 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. Finally, FinnCap reaffirmed a “buy” rating and issued a GBX 96 ($1.25) price target on shares of Ithaca Energy in a research report on Friday, July 22nd. Two research 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 76.33 ($1.00).
Ithaca Energy (LON:IAE) opened at 68.375 on Tuesday. Ithaca Energy has a 12 month low of GBX 16.00 and a 12 month high of GBX 76.00. The company’s market cap is GBX 281.56 million. The firm’s 50-day moving average is GBX 65.35 and its 200-day moving average is GBX 55.26.
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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