Ithaca Energy’s (ITH) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Ithaca Energy (LON:ITH) in a research note released on Wednesday,Digital Look reports. They currently have a GBX 270 price target on the stock.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 226.67.

Ithaca Energy Stock Performance

Ithaca Energy stock opened at GBX 273 on Wednesday. The business’s 50-day simple moving average is GBX 235.06 and its two-hundred day simple moving average is GBX 238.64. The company has a market cap of £4.51 billion, a PE ratio of -53.53 and a beta of 0.33. Ithaca Energy has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 290.80.

Ithaca Energy Company Profile

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.