Brokerages Set Ithaca Energy Inc. (IAE) Target Price at $78.88
Shares of Ithaca Energy Inc. (LON:IAE) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 78.88 ($0.99).
A number of equities analysts have recently issued reports on IAE shares. Peel Hunt reissued an “add” rating and set a GBX 90 ($1.12) price target on shares of Ithaca Energy in a research report on Friday. FinnCap reissued a “buy” rating and set a GBX 96 ($1.20) price target on shares of Ithaca Energy in a research report on Friday. Canaccord Genuity downgraded Ithaca Energy to a “hold” rating and set a GBX 85 ($1.06) price target on the stock. in a research report on Tuesday, November 15th. Barclays PLC reissued an “underweight” rating and set a GBX 85 ($1.06) price target on shares of Ithaca Energy in a research report on Tuesday, November 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 95 ($1.19) price target on shares of Ithaca Energy in a research report on Tuesday, October 4th.
Shares of Ithaca Energy (LON:IAE) opened at 81.50 on Wednesday. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 93.00. The company’s market capitalization is GBX 335.60 million. The company has a 50-day moving average price of GBX 81.78 and a 200 day moving average price of GBX 66.44.
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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