Ithaca Energy (LON:ITH) Given Buy Rating at Jefferies Financial Group

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, October 6th, Digital Look reports. They presently have a GBX 350 target price on the stock. Jefferies Financial Group’s target price indicates a potential upside of 19.45% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 270 target price on shares of Ithaca Energy in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 310.

Ithaca Energy Stock Performance

LON ITH traded up GBX 5.80 during trading hours on Tuesday, reaching GBX 293. The company’s stock had a trading volume of 1,445,922 shares, compared to its average volume of 5,200,477. The stock has a market cap of £4.84 billion, a PE ratio of 18.66 and a beta of 0.34. Ithaca Energy has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 298.60. The company’s 50-day moving average is GBX 270.36 and its two-hundred day moving average is GBX 253.71.

About Ithaca Energy

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.

Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the “UKCS”), with stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields.