Ithaca Energy (LON:ITH) Stock Keeps “Buy” Rating at Jefferies Financial Group

by · The Cerbat Gem

Ithaca Energy (LON:ITH – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 350 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 25.66% from the stock’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 270 price objective on shares of Ithaca Energy in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 310.

Read Our Latest Stock Analysis on ITH

Ithaca Energy Stock Performance

Shares of LON:ITH opened at GBX 278.53 on Tuesday. The stock has a market capitalization of £4.60 billion, a price-to-earnings ratio of 17.74 and a beta of 0.34. Ithaca Energy has a 1-year low of GBX 149.80 and a 1-year high of GBX 298.60. The company has a 50 day moving average price of GBX 268.59 and a 200 day moving average price of GBX 253.17.

About Ithaca Energy

(Get Free Report)

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.

Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the “UKCS”), with stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields.

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