Ithaca Energy (LON:ITH) Insider Buys £149.48 in Stock

Key Points

• Insider Yaniv Friedman purchased 74 shares of Ithaca Energy stock for a total of £149.48 at an average price of GBX 202 per share on October 6th.
• Ithaca Energy's shares recently traded down to GBX 199, with a fifty-two week trading range between GBX 94.38 and GBX 238.
• The stock has a consensus rating of "Buy" with an average target price of GBX 200, despite one firm reaffirming a "no recommendation" rating.

Ithaca Energy plc (LON:ITH - Get Free Report) insider Yaniv Friedman purchased 74 shares of the firm's stock in a transaction on Monday, October 6th. The stock was bought at an average cost of GBX 202 per share, with a total value of £149.48.

Yaniv Friedman also recently made the following trade(s):

• On Friday, September 5th, Yaniv Friedman bought 79 shares of Ithaca Energy stock. The stock was purchased at an average cost of GBX 190 per share, for a total transaction of £150.10.

Ithaca Energy Price Performance

ITH traded down GBX 1 on Tuesday, reaching GBX 199. 1,162,792 shares of the stock were exchanged, compared to its average volume of 1,975,016. The company's 50-day moving average price is GBX 191.23 and its 200 day moving average price is GBX 162.85. Ithaca Energy plc has a fifty-two week low of GBX 94.38 and a fifty-two week high of GBX 238. The firm has a market capitalization of £3.28 billion and a PE ratio of -1,877.36.

Wall Street Analyst Weigh In

A number of research firms recently commented on ITH. Shore Capital reaffirmed a "no recommendation" rating on shares of Ithaca Energy in a report on Tuesday, September 2nd. Peel Hunt restated a "buy" rating and set a GBX 200 price objective on shares of Ithaca Energy in a research note on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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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