Other analysts also recently issued research reports about the stock. Canaccord Genuity downgraded shares of Ithaca Energy to a hold rating and increased their target price for the company from GBX 55 ($0.68) to GBX 70 ($0.87) in a research report on Thursday, June 23rd. Barclays PLC reissued an underweight rating and set a GBX 60 ($0.74) target price on shares of Ithaca Energy in a research report on Thursday, June 23rd. Peel Hunt reissued an add rating and set a GBX 47 ($0.58) target price on shares of Ithaca Energy in a research report on Wednesday, June 22nd. Finally, Liberum Capital increased their target price on shares of Ithaca Energy from GBX 26 ($0.32) to GBX 58 ($0.72) and gave the company a sell rating in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 76.33 ($0.94).
Ithaca Energy (LON:IAE) opened at 83.25 on Thursday. The company’s 50-day moving average is GBX 66.33 and its 200-day moving average is GBX 56.75. The firm’s market capitalization is GBX 342.81 million. Ithaca Energy has a one year low of GBX 16.00 and a one year high of GBX 83.94.
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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