Ithaca Energy's (ITH) Buy Rating Reiterated at Peel Hunt

Key Points

• Ithaca Energy has had its "buy" rating reaffirmed by Peel Hunt, with a target price of GBX 200, suggesting a potential upside of 7.41% from the current price.
• Shore Capital has issued a "no recommendation" rating on the stock, while the overall consensus maintains an average rating of "Buy" with the same target price of GBX 200.
• The stock's recent performance shows a range between a fifty-two week low of GBX 94.38 and a high of GBX 238, indicating significant volatility in its trading history.

Peel Hunt restated their buy rating on shares of Ithaca Energy (LON:ITH - Free Report) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm currently has a GBX 200 price target on the stock.

Separately, Shore Capital reissued a "no recommendation" rating on shares of Ithaca Energy in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 200.

Ithaca Energy Trading Up 1.9%

Shares of ITH traded up GBX 3.60 during trading hours on Wednesday, hitting GBX 188.80. 1,367,201 shares of the stock traded hands, compared to its average volume of 2,003,609. Ithaca Energy has a 1-year low of GBX 94.38 and a 1-year high of GBX 238. The firm has a market capitalization of £3.11 billion and a PE ratio of -1,781.13. The business has a fifty day moving average of GBX 184.73 and a 200-day moving average of GBX 158.09.

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.