Ithaca Energy Inc. (IAE) Stock Rating Lowered by Canaccord Genuity
Ithaca Energy Inc. (LON:IAE) was downgraded by Canaccord Genuity to a “hold” rating in a note issued to investors on Tuesday. They currently have a GBX 85 ($1.06) price objective on the stock. Canaccord Genuity’s price target points to a potential upside of 5.92% from the company’s current price.
IAE has been the topic of a number of other reports. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 70 ($0.87) target price on shares of Ithaca Energy in a research report on Tuesday, August 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 95 ($1.19) price target on shares of Ithaca Energy in a research note on Tuesday, October 4th. FinnCap reiterated a “buy” rating and issued a GBX 96 ($1.20) price target on shares of Ithaca Energy in a research note on Thursday, October 6th. Peel Hunt upped their price target on shares of Ithaca Energy from GBX 78 ($0.97) to GBX 80 ($1.00) and gave the stock a “buy” rating in a research note on Tuesday, October 4th. Finally, Macquarie dropped their price target on shares of Ithaca Energy from GBX 97 ($1.21) to GBX 96 ($1.20) and set an “outperform” rating on the stock in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 79.11 ($0.99).
Ithaca Energy (LON:IAE) opened at 80.50 on Tuesday. The stock’s market cap is GBX 331.49 million. Ithaca Energy has a 1-year low of GBX 16.00 and a 1-year high of GBX 93.00. The stock has a 50 day moving average of GBX 78.66 and a 200 day moving average of GBX 64.91.
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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