Berenberg Bank Reiterates “Buy” Rating for Ithaca Energy (LON:ITH)

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 270 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 7.83% from the stock’s current price.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price objective on shares of Ithaca Energy in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 226.67.

Ithaca Energy Price Performance

Shares of ITH stock opened at GBX 250.40 on Wednesday. The company has a market cap of £4.13 billion, a P/E ratio of -49.10 and a beta of 0.33. Ithaca Energy has a 1-year low of GBX 149.80 and a 1-year high of GBX 290.80. The stock’s 50-day moving average is GBX 233.95 and its 200 day moving average is GBX 237.27.

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.

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.