Ithaca Energy’s (ITH) “Buy” Rating Reiterated at Jefferies Financial Group

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 350 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 27.46% from the company’s current price.

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

Ithaca Energy Trading Up 0.1%

Shares of Ithaca Energy stock traded up GBX 0.40 during trading on Tuesday, reaching GBX 274.60. The company’s stock had a trading volume of 1,468,218 shares, compared to its average volume of 5,273,583. Ithaca Energy has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 298.60. The firm has a market cap of £4.53 billion, a PE ratio of 17.49 and a beta of 0.34. The company has a 50-day moving average price of GBX 267.07 and a two-hundred day moving average price of GBX 253.14.

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.