Peel Hunt Reiterates “Add” Rating for Ithaca Energy Inc. (IAE)
Ithaca Energy Inc. (LON:IAE)‘s stock had its “add” rating restated by Peel Hunt in a research note issued on Friday. They presently have a GBX 90 ($1.12) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 7.87% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 95 ($1.18) price objective on shares of Ithaca Energy in a report on Tuesday, October 4th. Barclays PLC restated an “underweight” rating and issued a GBX 70 ($0.87) price objective on shares of Ithaca Energy in a report on Tuesday, August 23rd. FinnCap restated a “buy” rating and issued a GBX 96 ($1.19) price objective on shares of Ithaca Energy in a report on Thursday, October 6th. Macquarie cut their price objective on shares of Ithaca Energy from GBX 97 ($1.20) to GBX 96 ($1.19) and set an “outperform” rating on the stock in a report on Friday, August 5th. Finally, Canaccord Genuity upgraded shares of Ithaca Energy to a “buy” rating and upped their price objective for the stock from GBX 65 ($0.81) to GBX 85 ($1.05) in a report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Ithaca Energy 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 79.75 on Friday. The company’s market cap is GBX 328.40 million. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 93.00. The company has a 50 day moving average of GBX 82.09 and a 200-day moving average of GBX 67.09.
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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