Insider Buying: Ithaca Energy (LON:ITH) Insider Acquires 74 Shares of Stock

Key Points

• Insider Iain Clifford Scobbie Lewis purchased 74 shares of Ithaca Energy stock at an average price of GBX 202 per share on October 6th, totaling £149.48.
• Ithaca Energy's shares recently traded at GBX 199, with a twelve-month low of GBX 94.38 and a high of GBX 238.
• Analysts have a consensus target price of GBX 200 for Ithaca Energy, with a current average rating of "Buy" from multiple equities analysts.

Ithaca Energy plc (LON:ITH - Get Free Report) insider Iain Clifford Scobbie Lewis bought 74 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average price of GBX 202 per share, for a total transaction of £149.48.

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Friday, September 5th, Iain Clifford Scobbie Lewis purchased 79 shares of Ithaca Energy stock. The shares were acquired at an average price of GBX 190 per share, with a total value of £150.10.

Ithaca Energy Price Performance

Shares of ITH traded down GBX 1 during trading hours on Tuesday, reaching GBX 199. 1,162,792 shares of the company's stock traded hands, compared to its average volume of 1,975,016. Ithaca Energy plc has a twelve month low of GBX 94.38 and a twelve month high of GBX 238. The business's fifty day simple moving average is GBX 191.23 and its two-hundred day simple moving average is GBX 162.85. The firm has a market capitalization of £3.28 billion and a price-to-earnings ratio of -1,877.36.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Peel Hunt reissued a "buy" rating and set a GBX 200 target price on shares of Ithaca Energy in a research note on Wednesday, September 17th. Shore Capital reiterated a "no recommendation" rating on shares of Ithaca Energy in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Ithaca Energy currently has an average rating of "Buy" and a consensus target price of GBX 200.

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.

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