Ithaca Energy (LON:ITH) Upgraded to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Ithaca Energy (LON:ITH) to a buy rating in a research report released on Monday morning,London Stock Exchange reports. They currently have GBX 220 target price on the stock, up from their prior target price of GBX 145.

Several other research firms have also issued reports on ITH. Shore Capital restated a “no recommendation” rating on shares of Ithaca Energy in a research report on Tuesday, September 2nd. Peel Hunt restated a “buy” rating and set a GBX 200 target price on shares of Ithaca Energy in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 210.

Ithaca Energy Trading Up 2.4%

Shares of LON:ITH opened at GBX 182.20 on Monday. The stock has a market capitalization of £3.00 billion and a P/E ratio of -17.19. Ithaca Energy has a 1-year low of GBX 94.38 and a 1-year high of GBX 238. The business has a 50-day moving average price of GBX 194.61 and a two-hundred day moving average price of GBX 165.52.

About Ithaca Energy

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.