Today, Peel Hunt Reiterates “Add” Rating for Ithaca Energy Inc. (IAE)

Today, Peel Hunt Reiterates “Add” Rating for Ithaca Energy Inc. (IAE)

Ithaca Energy Inc. (LON:IAE)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a research note issued on Friday, StockTargetPrices.com reports. They currently have a GBX 90 ($1.12) target price on the stock. Peel Hunt’s target price suggests a potential downside of 0.55% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. FinnCap restated a “buy” rating and issued a GBX 96 ($1.20) price target on shares of Ithaca Energy in a report on Thursday, October 6th. Barclays PLC restated an “underweight” rating and issued a GBX 70 ($0.87) price target on shares of Ithaca Energy in a report on Wednesday, October 26th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 95 ($1.19) price target on shares of Ithaca Energy in a report on Tuesday, October 4th. Canaccord Genuity cut Ithaca Energy to a “hold” rating and set a GBX 85 ($1.06) target price on the stock. in a report on Tuesday, November 15th. Finally, Macquarie lowered 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 report on Friday, August 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 78.88 ($0.99).

Shares of Ithaca Energy (LON:IAE) traded down 7.73% during trading on Friday, reaching GBX 83.50. The company had a trading volume of 4,724,237 shares. The firm’s market capitalization is GBX 343.84 million. Ithaca Energy has a 12 month low of GBX 16.00 and a 12 month high of GBX 93.00. The firm’s 50 day moving average price is GBX 81.46 and its 200 day moving average price is GBX 66.34.

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