The Peel Hunt Raises Ithaca Energy Inc. (IAE) Price Target to GBX 80

The Peel Hunt Raises Ithaca Energy Inc. (IAE) Price Target to GBX 80

Ithaca Energy Inc. (LON:IAE) had its price objective raised by analysts at Peel Hunt from GBX 78 ($1.02) to GBX 80 ($1.04) in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 2.89% from the stock’s previous close.

A number of other brokerages also recently commented on IAE. Liberum Capital lifted their price objective on Ithaca Energy from GBX 26 ($0.34) to GBX 58 ($0.76) and gave the company a “sell” rating in a research report on Wednesday, June 29th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 65 ($0.85) price objective on shares of Ithaca Energy in a research report on Wednesday, July 13th. FinnCap reaffirmed a “buy” rating and issued a GBX 96 ($1.25) price objective on shares of Ithaca Energy in a research report on Friday, July 22nd. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 70 ($0.91) price objective on shares of Ithaca Energy in a research report on Tuesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 95 ($1.24) price objective on shares of Ithaca Energy in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 76.33 ($1.00).

Ithaca Energy (LON:IAE) traded up 5.07% during trading on Tuesday, reaching GBX 77.75. The company had a trading volume of 2,610,979 shares. The company’s market capitalization is GBX 320.16 million. Ithaca Energy has a 12 month low of GBX 16.00 and a 12 month high of GBX 80.75. The firm’s 50 day moving average is GBX 65.98 and its 200-day moving average is GBX 56.06.

10/09/peel-hunt-raises-ithaca-energy-inc-iae-price-target-to-gbx-80.html

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