Ithaca Energy’s (ITH) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Ithaca Energy (LON:ITH) in a report issued on Tuesday morning,Digital Look reports. They currently have a GBX 350 target price on the stock.

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

Ithaca Energy Stock Performance

Shares of ITH stock opened at GBX 279.60 on Tuesday. The company has a market capitalization of £4.62 billion, a PE ratio of 17.81 and a beta of 0.34. Ithaca Energy has a 52-week low of GBX 149.80 and a 52-week high of GBX 298.60. The business’s fifty day moving average is GBX 268.59 and its 200 day moving average is GBX 253.17.

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.