Ithaca Energy Inc. (IAE) Stock Rating Reaffirmed by FinnCap
Ithaca Energy Inc. (LON:IAE)‘s stock had its “buy” rating reissued by equities researchers at FinnCap in a research note issued on Friday. They presently have a GBX 96 ($1.19) price objective on the stock. FinnCap’s target price suggests a potential upside of 18.52% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. Barclays PLC restated an “underweight” rating and set a GBX 70 ($0.87) price target on shares of Ithaca Energy in a research report on Wednesday, October 26th. Peel Hunt lifted their price target on Ithaca Energy from GBX 78 ($0.97) to GBX 80 ($0.99) and gave the company a “buy” rating in a research report on Tuesday, October 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 95 ($1.18) price objective on shares of Ithaca Energy in a research note on Tuesday, October 4th. Canaccord Genuity upgraded Ithaca Energy to a “buy” rating and lifted their price objective for the company from GBX 65 ($0.81) to GBX 85 ($1.05) in a research note on Tuesday, August 16th. Finally, Macquarie lowered their price objective on Ithaca Energy from GBX 97 ($1.20) to GBX 96 ($1.19) and set an “outperform” rating for the company in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 76.33 ($0.95).
Ithaca Energy (LON:IAE) opened at 80.25 on Friday. Ithaca Energy has a 52 week low of GBX 16.00 and a 52 week high of GBX 93.00. The company’s market cap is GBX 330.46 million. The firm has a 50-day moving average price of GBX 76.95 and a 200-day moving average price of GBX 63.64.
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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