Macquarie Lowers Ithaca Energy Inc. (IAE) Price Target to GBX 101
Ithaca Energy Inc. (LON:IAE) had its price objective dropped by equities research analysts at Macquarie from GBX 106 ($1.31) to GBX 101 ($1.25) in a note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 33.77% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. FinnCap reiterated a “buy” rating and set a GBX 96 ($1.19) price objective on shares of Ithaca Energy in a research note on Tuesday, August 2nd. Peel Hunt reiterated a “hold” rating and set a GBX 64 ($0.79) price objective on shares of Ithaca Energy in a research note on Tuesday, August 2nd. Canaccord Genuity upgraded Ithaca Energy to a “buy” rating and boosted their price objective for the company from GBX 65 ($0.81) to GBX 85 ($1.05) in a research note on Tuesday, August 16th. Barclays PLC reiterated an “underweight” rating and set a GBX 70 ($0.87) price objective on shares of Ithaca Energy in a research note on Tuesday, August 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 95 ($1.18) price objective on shares of Ithaca Energy in a research note on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 79.50 ($0.99).
Ithaca Energy (LON:IAE) opened at 77.7524 on Monday. Ithaca Energy has a 12 month low of GBX 16.00 and a 12 month high of GBX 93.00. The firm’s 50-day moving average is GBX 82.09 and its 200-day moving average is GBX 67.09. The company’s market capitalization is GBX 320.17 million.
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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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