Trade Report: The Ithaca Energy Inc. (IAE) PT Decreased to GBX 101 at Macquarie

The Ithaca Energy Inc. (IAE) PT Decreased to GBX 101 at Macquarie

Ithaca Energy Inc. (LON:IAE) had its target price dropped by investment analysts at Macquarie from GBX 106 ($1.32) to GBX 101 ($1.26) in a report issued on Monday. The firm presently has an “outperform” rating on the stock. Macquarie’s target price indicates a potential upside of 21.05% from the company’s previous close.

IAE has been the topic of several other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 95 ($1.19) price target on shares of Ithaca Energy in a research note on Tuesday, October 4th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 70 ($0.87) price target on shares of Ithaca Energy in a research note on Tuesday, August 23rd. FinnCap reissued a “buy” rating and issued a GBX 96 ($1.20) target price on shares of Ithaca Energy in a research note on Thursday, October 6th. Finally, Peel Hunt increased their target price on Ithaca Energy from GBX 78 ($0.97) to GBX 80 ($1.00) and gave the stock a “buy” rating 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 given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 79.50 ($0.99).

Shares of Ithaca Energy (LON:IAE) opened at 78.50 on Monday. Ithaca Energy has a 52 week low of GBX 16.00 and a 52 week high of GBX 93.00. The company has a 50-day moving average price of GBX 81.78 and a 200-day moving average price of GBX 66.44. The company’s market capitalization is GBX 323.25 million.

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