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

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 350 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 25.18% from the stock’s current price.

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

Ithaca Energy Price Performance

LON ITH opened at GBX 279.60 on Tuesday. The stock has a market capitalization of £4.62 billion, a price-to-earnings ratio of 17.81 and a beta of 0.34. Ithaca Energy has a 1-year low of GBX 149.80 and a 1-year high of GBX 298.60. The business’s fifty day moving average price is GBX 268.59 and its 200-day moving average price 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.