Ithaca Energy (LON:ITH) Upgraded by Jefferies Financial Group to "Buy" Rating

Key Points

• Jefferies Financial Group upgraded Ithaca Energy to a "buy" rating with a price target increase from GBX 145 to GBX 220, indicating a potential upside of 17.77%.
• The stock has seen a recent rise of 5.0%, opening at GBX 186.80, with a market cap of £3.08 billion.
• Ithaca Energy maintains an average rating of "buy" from analysts, with a consensus target price of GBX 210.

Ithaca Energy (LON:ITH - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group to a "buy" rating in a research note issued on Monday,London Stock Exchange reports. The firm presently has a GBX 220 price objective on the stock, up from their previous price objective of GBX 145. Jefferies Financial Group's target price points to a potential upside of 17.77% from the company's current price.

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

Ithaca Energy Stock Up 5.0%

Shares of ITH stock opened at GBX 186.80 on Monday. The company has a market cap of £3.08 billion and a P/E ratio of -17.62. The business has a 50 day moving average of GBX 194.41 and a two-hundred day moving average of GBX 165.16. Ithaca Energy has a 52 week low of GBX 94.38 and a 52 week high of GBX 238.

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.

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