Ithaca Energy Inc. (IAE) Receives GBX 92.14 Average PT from Analysts

Ithaca Energy Inc. (IAE) Receives GBX 92.14 Average PT from Analysts

Ithaca Energy Inc. (LON:IAE) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 92.14 ($1.15).

A number of research firms have weighed in on IAE. Barclays PLC reiterated an “underweight” rating and set a GBX 85 ($1.06) target price on shares of Ithaca Energy in a report on Sunday, January 15th. FinnCap reiterated a “buy” rating and set a GBX 96 ($1.20) target price on shares of Ithaca Energy in a report on Thursday, January 12th. Canaccord Genuity upped their target price on Ithaca Energy from GBX 100 ($1.25) to GBX 110 ($1.37) and gave the stock a “buy” rating in a report on Friday, January 6th. Macquarie downgraded Ithaca Energy from an “outperform” rating to a “neutral” rating and set a GBX 101 ($1.26) target price on the stock. in a report on Thursday, January 5th. Finally, Peel Hunt upped their price target on Ithaca Energy from GBX 90 ($1.12) to GBX 100 ($1.25) and gave the stock a “hold” rating in a research note on Monday, January 9th.

Shares of Ithaca Energy (LON:IAE) opened at 108.556526 on Friday. The company’s 50-day moving average price is GBX 97.85 and its 200-day moving average price is GBX 77.95. The company’s market capitalization is GBX 447.02 million. Ithaca Energy has a one year low of GBX 17.25 and a one year high of GBX 109.75.

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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