Brokerages Set Ithaca Energy Inc. (LON:IAE) Target Price at $72.22
Ithaca Energy Inc. (LON:IAE) has received a consensus recommendation of “Hold” from the nine analysts that are covering the firm. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 72.22 ($0.96).
A number of equities research analysts recently commented on IAE shares. Peel Hunt reaffirmed an “add” rating and set a GBX 47 ($0.63) target price on shares of Ithaca Energy in a report on Wednesday, June 22nd. FinnCap reissued a “buy” rating and issued a GBX 96 ($1.28) price target on shares of Ithaca Energy in a report on Tuesday, August 2nd. Canaccord Genuity raised Ithaca Energy to a “buy” rating and boosted their price target for the company from GBX 65 ($0.87) to GBX 85 ($1.13) in a report on Tuesday, August 16th. Finally, Macquarie decreased their price target on Ithaca Energy from GBX 97 ($1.29) to GBX 96 ($1.28) and set an “outperform” rating for the company in a report on Friday, August 5th.
Ithaca Energy (LON:IAE) opened at 65.355 on Wednesday. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 76.00. The company has a 50 day moving average of GBX 63.32 and a 200-day moving average of GBX 52.30. The stock’s market capitalization is GBX 269.12 million.
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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