Ithaca Energy’s (IAE) Buy Rating Reaffirmed at FinnCap
IAE has been the topic of a number of other reports. Macquarie decreased their price objective on Ithaca Energy from GBX 97 ($1.21) to GBX 96 ($1.20) and set an outperform rating on the stock in a report on Friday, August 5th. Barclays PLC reissued an underweight rating and issued a GBX 70 ($0.87) target price on shares of Ithaca Energy in a report on Tuesday, August 23rd. Peel Hunt downgraded Ithaca Energy to an add rating and boosted their target price for the stock from GBX 80 ($1.00) to GBX 90 ($1.12) in a report on Tuesday, November 15th. Canaccord Genuity raised Ithaca Energy to a buy rating and boosted their target price for the stock from GBX 65 ($0.81) to GBX 85 ($1.06) in a report on Tuesday, August 16th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a GBX 95 ($1.19) target price on shares of Ithaca Energy in a report on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 79.50 ($0.99).
Shares of Ithaca Energy (LON:IAE) opened at 81.0699 on Friday. The company’s market capitalization is GBX 333.83 million. The stock’s 50 day moving average price is GBX 81.78 and its 200 day moving average price is GBX 66.44. Ithaca Energy has a 1-year low of GBX 16.00 and a 1-year high of GBX 93.00.
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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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