Ithaca Energy Inc. (IAE) Rating Reiterated by Royal Bank Of Canada
Ithaca Energy Inc. (LON:IAE)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. They presently have a GBX 95 ($1.24) price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 36.69% from the stock’s current price.
IAE has been the topic of several other reports. Barclays PLC lowered shares of Ithaca Energy to an “underweight” rating and increased their price target for the company from GBX 40 ($0.52) to GBX 60 ($0.78) in a research report on Thursday, June 9th. Canaccord Genuity lowered shares of Ithaca Energy to a “hold” rating and increased their price target for the company from GBX 55 ($0.72) to GBX 70 ($0.91) in a research report on Thursday, June 23rd. Macquarie lowered their price target on shares of Ithaca Energy from GBX 97 ($1.27) to GBX 96 ($1.25) and set an “outperform” rating on the stock in a research report on Friday, August 5th. Peel Hunt reiterated an “add” rating and issued a GBX 47 ($0.61) price target on shares of Ithaca Energy in a research report on Wednesday, June 22nd. Finally, Liberum Capital upped their price objective on shares of Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the company a “sell” rating in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Ithaca Energy has a consensus rating of “Hold” and a consensus target price of GBX 76.33 ($1.00).
Shares of Ithaca Energy (LON:IAE) opened at 69.50 on Tuesday. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 76.00. The firm’s market cap is GBX 286.19 million. The company has a 50-day moving average of GBX 65.52 and a 200 day moving average of GBX 55.80.
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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