Ithaca Energy Inc. (IAE) Given Consensus Recommendation of “Hold” by Brokerages
Ithaca Energy Inc. (LON:IAE) has received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 76.33 ($0.93).
IAE has been the topic of several analyst reports. FinnCap reaffirmed a “buy” rating and set a GBX 96 ($1.17) price target on shares of Ithaca Energy in a research report on Thursday, October 6th. Liberum Capital increased their price target on Ithaca Energy from GBX 26 ($0.32) to GBX 58 ($0.71) and gave the stock a “sell” rating in a research report on Wednesday, June 29th. Peel Hunt increased their price target on Ithaca Energy from GBX 78 ($0.95) to GBX 80 ($0.98) and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Canaccord Genuity restated a “hold” rating and set a GBX 65 ($0.79) target price on shares of Ithaca Energy in a research report on Wednesday, July 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 95 ($1.16) target price on shares of Ithaca Energy in a research report on Tuesday, October 4th.
Shares of Ithaca Energy (LON:IAE) traded up 8.00% during midday trading on Wednesday, reaching GBX 87.75. The company’s stock had a trading volume of 2,601,625 shares. The stock’s 50 day moving average price is GBX 69.33 and its 200 day moving average price is GBX 58.97. Ithaca Energy has a one year low of GBX 16.00 and a one year high of GBX 87.78. The firm’s market cap is GBX 361.34 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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