Trade Report: Today, Ithaca Energy Inc. (IAE) Receives “Buy” Rating from FinnCap

Today, Ithaca Energy Inc. (IAE) Receives “Buy” Rating from FinnCap

Ithaca Energy Inc. (LON:IAE)‘s stock had its “buy” rating reissued by FinnCap in a research note issued to investors on Friday. They currently have a GBX 96 ($1.20) price target on the stock. FinnCap’s price target indicates a potential upside of 6.08% from the stock’s current price.

A number of other analysts have also issued reports on IAE. Macquarie dropped their target price on Ithaca Energy from GBX 97 ($1.21) to GBX 96 ($1.20) and set an “outperform” rating on the stock in a research report on Friday, August 5th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 70 ($0.87) target price on shares of Ithaca Energy in a research report on Tuesday, August 23rd. Peel Hunt lowered Ithaca Energy to an “add” rating and lifted their target price for the stock from GBX 80 ($1.00) to GBX 90 ($1.12) in a research report on Tuesday, November 15th. Canaccord Genuity raised Ithaca Energy to a “buy” rating and boosted their price objective for the company from GBX 65 ($0.81) to GBX 85 ($1.06) in a report on Tuesday, August 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 95 ($1.19) price objective on shares of Ithaca Energy in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 78.88 ($0.99).

Shares of Ithaca Energy (LON:IAE) opened at 83.50 on Friday. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 93.00. The stock’s market cap is GBX 343.84 million. The company has a 50 day moving average price of GBX 81.46 and a 200 day moving average price of GBX 66.34.

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