Ithaca Energy Inc. (IAE) Downgraded by Peel Hunt
Peel Hunt lowered shares of Ithaca Energy Inc. (LON:IAE) to an add rating in a report released on Tuesday. Peel Hunt currently has GBX 90 ($1.12) price target on the stock, up from their prior price target of GBX 80 ($1.00).
Other analysts have also issued research reports about the company. FinnCap reissued a buy rating and set a GBX 96 ($1.20) price target on shares of Ithaca Energy in a report on Friday, November 11th. Canaccord Genuity raised Ithaca Energy to a buy rating and boosted their price target for the company from GBX 65 ($0.81) to GBX 85 ($1.06) in a report on Tuesday, August 16th. Macquarie cut their price target on Ithaca Energy from GBX 97 ($1.21) to GBX 96 ($1.20) and set an outperform rating for the company in a report on Friday, August 5th. Royal Bank Of Canada reissued an outperform rating and set a GBX 95 ($1.19) price target on shares of Ithaca Energy in a report on Tuesday, October 4th. Finally, Barclays PLC reissued an underweight rating and set a GBX 85 ($1.06) price target on shares of Ithaca Energy in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Ithaca Energy presently has a consensus rating of Hold and an average price target of GBX 78.88 ($0.99).
Ithaca Energy (LON:IAE) opened at 79.625 on Tuesday. The stock’s market capitalization is GBX 327.88 million. The company’s 50 day moving average price is GBX 79.20 and its 200-day moving average price is GBX 64.87. Ithaca Energy has a one year low of GBX 16.00 and a one year high of GBX 93.00.
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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