Barclays PLC Reiterates “Underweight” Rating for Ithaca Energy Inc. (IAE)
Ithaca Energy Inc. (LON:IAE)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays PLC in a research note issued on Tuesday. They currently have a GBX 85 ($1.06) price objective on the stock. Barclays PLC’s price target indicates a potential upside of 6.92% from the stock’s current price.
Several other equities research analysts have also commented on IAE. FinnCap reiterated a “buy” rating and set a GBX 96 ($1.20) price objective on shares of Ithaca Energy in a research note on Friday, July 22nd. Peel Hunt reiterated a “hold” rating and set a GBX 64 ($0.80) price objective on shares of Ithaca Energy in a research note on Tuesday, August 2nd. Macquarie cut their price objective on Ithaca Energy from GBX 97 ($1.21) to GBX 96 ($1.20) and set an “outperform” rating for the company in a research note on Friday, August 5th. Canaccord Genuity upgraded Ithaca Energy to a “buy” rating and boosted their price objective for the stock from GBX 65 ($0.81) to GBX 85 ($1.06) in a research note on Tuesday, August 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 95 ($1.19) price objective on shares of Ithaca Energy in a research note on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Ithaca Energy presently has a consensus rating of “Hold” and an average price target of GBX 79.11 ($0.99).
Shares of Ithaca Energy (LON:IAE) opened at 79.50 on Tuesday. Ithaca Energy has a 52 week low of GBX 16.00 and a 52 week high of GBX 93.00. The company’s 50 day moving average price is GBX 78.14 and its 200-day moving average price is GBX 64.27. The company’s market capitalization is GBX 327.37 million.
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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