FinnCap Reaffirms “Buy” Rating for Ithaca Energy Inc. (IAE)
Ithaca Energy Inc. (LON:IAE)‘s stock had its “buy” rating reaffirmed by equities researchers at FinnCap in a research note issued to investors on Thursday.
Other research analysts have also issued research reports about the company. Peel Hunt restated an “add” rating and set a GBX 47 ($0.61) target price on shares of Ithaca Energy in a research report on Wednesday, June 22nd. Canaccord Genuity upgraded Ithaca Energy to a “buy” rating and boosted their target price for the company from GBX 65 ($0.85) to GBX 85 ($1.11) in a research report on Tuesday, August 16th. Macquarie decreased their price target on shares of Ithaca Energy from GBX 97 ($1.27) to GBX 96 ($1.25) and set an “outperform” rating for the company in a research note on Friday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 95 ($1.24) price target on shares of Ithaca Energy in a research note on Tuesday. Finally, Liberum Capital lifted their price target on shares of Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the company a “sell” rating in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Ithaca Energy currently 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 69.50 on Thursday. Ithaca Energy has a 1-year low of GBX 16.00 and a 1-year high of GBX 76.00. The company has a 50 day moving average price of GBX 65.52 and a 200 day moving average price of GBX 55.80. The stock’s market cap is GBX 286.19 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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