Peel Hunt Reiterates “Add” Rating for Ithaca Energy Inc. (IAE)
Several other research analysts also recently issued reports on the stock. FinnCap restated a buy rating and set a GBX 96 ($1.19) price objective on shares of Ithaca Energy in a report on Thursday, October 6th. Barclays PLC restated an underweight rating and set a GBX 70 ($0.87) price objective on shares of Ithaca Energy in a report on Wednesday, October 26th. Royal Bank Of Canada restated an outperform rating and set a GBX 95 ($1.18) price objective on shares of Ithaca Energy in a report on Tuesday, October 4th. Canaccord Genuity downgraded shares of Ithaca Energy to a hold rating and set a GBX 85 ($1.05) price objective on the stock. in a report on Tuesday, November 15th. Finally, Macquarie dropped their price objective on shares of Ithaca Energy from GBX 97 ($1.20) to GBX 96 ($1.19) and set an outperform rating on the stock in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Ithaca Energy has an average rating of Hold and an average target price of GBX 79.50 ($0.99).
Shares of Ithaca Energy (LON:IAE) opened at 87.25 on Friday. Ithaca Energy has a one year low of GBX 16.00 and a one year high of GBX 93.00. The company’s 50-day moving average price is GBX 82.09 and its 200 day moving average price is GBX 67.09. The company’s market cap is GBX 359.28 million.
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About Ithaca Energy
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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