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

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 350 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 27.46% from the company’s previous close.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 270 price objective on shares of Ithaca Energy in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 310.

Ithaca Energy Stock Up 0.1%

Shares of LON ITH opened at GBX 274.60 on Tuesday. The business’s 50 day moving average is GBX 267.80 and its two-hundred day moving average is GBX 253.07. The company has a market cap of £4.53 billion, a P/E ratio of 17.49 and a beta of 0.34. Ithaca Energy has a 12 month low of GBX 149.80 and a 12 month high of GBX 298.60.

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.

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.