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

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

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

Ithaca Energy Stock Performance

LON ITH traded down GBX 1.60 during trading on Wednesday, reaching GBX 185.20. 2,067,538 shares of the company's stock were exchanged, compared to its average volume of 2,007,106. The company has a 50 day moving average price of GBX 184.73 and a two-hundred day moving average price of GBX 157.87. Ithaca Energy has a 1 year low of GBX 94.38 and a 1 year high of GBX 238. The stock has a market cap of £3.05 billion and a P/E ratio of -1,747.17.

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.