Peel Hunt Reaffirms Buy Rating for Ithaca Energy (LON:ITH)

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 200 price target on the stock. Peel Hunt’s price objective suggests a potential upside of 7.07% from the company’s current price.

Separately, Shore Capital reaffirmed a “no recommendation” rating on shares of Ithaca Energy in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ithaca Energy currently has an average rating of “Buy” and a consensus target price of GBX 200.

Ithaca Energy Stock Performance

LON:ITH opened at GBX 186.80 on Wednesday. The stock’s 50-day simple moving average is GBX 184.33 and its 200 day simple moving average is GBX 157.37. The company has a market cap of £3.08 billion and a P/E ratio of -1,762.26. Ithaca Energy has a 52-week low of GBX 94.38 and a 52-week high of GBX 238.

Ithaca Energy Company Profile

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.