Ithaca Energy Inc. (LON:IAE)‘s stock had its “add” rating reaffirmed by investment analysts at Peel Hunt in a report issued on Friday, StockTargetPrices.com reports. They currently have a GBX 90 ($1.12) target price on the stock. Peel Hunt’s price target indicates a potential downside of 0.55% from the company’s current price.
IAE has been the subject of several other reports. Macquarie lowered their target price on Ithaca Energy from GBX 97 ($1.21) to GBX 96 ($1.20) and set an “outperform” rating for the company in a research note on Friday, August 5th. Barclays PLC reissued an “underweight” rating and set a GBX 70 ($0.87) target price on shares of Ithaca Energy in a research note on Tuesday, August 23rd. Canaccord Genuity raised Ithaca Energy to a “buy” rating and boosted their target price for the stock from GBX 65 ($0.81) to GBX 85 ($1.06) in a research note on Tuesday, August 16th. FinnCap reissued a “buy” rating and set a GBX 96 ($1.20) target price on shares of Ithaca Energy in a research note on Friday, November 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 95 ($1.19) target price on shares of Ithaca Energy in a research note on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 78.88 ($0.99).
Shares of Ithaca Energy (LON:IAE) traded down 7.73% during midday trading on Friday, hitting GBX 83.50. The company’s stock had a trading volume of 4,725,437 shares. Ithaca Energy has a 12-month low of GBX 16.00 and a 12-month high of GBX 93.00. The firm’s market cap is GBX 343.84 million. The firm has a 50-day moving average of GBX 81.46 and a 200 day moving average of GBX 66.34.
About Ithaca Energy