Ithaca Energy Inc. (IAE) Receives Outperform Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their outperform rating on shares of Ithaca Energy Inc. (LON:IAE) in a research report report published on Tuesday morning. Royal Bank Of Canada currently has a GBX 95 ($1.24) price target on the stock.
Several other equities research analysts have also recently weighed in on the stock. Liberum Capital upped their price objective on shares of 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. Canaccord Genuity reaffirmed a hold rating and set a GBX 65 ($0.85) price objective on shares of Ithaca Energy in a research report on Wednesday, July 13th. Peel Hunt raised shares of Ithaca Energy to a buy rating and upped their price objective for the stock from GBX 64 ($0.84) to GBX 78 ($1.02) in a research report on Wednesday, August 3rd. FinnCap reaffirmed a buy rating and set a GBX 96 ($1.25) price objective on shares of Ithaca Energy in a research report on Friday, July 22nd. Finally, Barclays PLC reaffirmed an underweight rating and set a GBX 70 ($0.91) price objective on shares of Ithaca Energy in a research report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 76.33 ($1.00).
Shares of Ithaca Energy (LON:IAE) traded up 1.45% on Tuesday, hitting GBX 69.75. 989,057 shares of the stock traded hands. The stock’s market cap is GBX 287.22 million. The stock has a 50 day moving average of GBX 65.45 and a 200-day moving average of GBX 55.53. Ithaca Energy has a 1-year low of GBX 16.00 and a 1-year high of GBX 76.00.
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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