Ithaca Energy (LON:ITH) Earns Buy Rating from Jefferies Financial Group

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

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

Ithaca Energy Stock Performance

ITH traded up GBX 0.40 on Tuesday, hitting GBX 274.60. 1,468,218 shares of the company were exchanged, compared to its average volume of 5,273,583. Ithaca Energy has a 12 month low of GBX 149.80 and a 12 month high of GBX 298.60. The company has a market cap of £4.53 billion, a PE ratio of 17.49 and a beta of 0.34. The stock’s fifty day moving average is GBX 267.80 and its 200-day moving average is GBX 253.07.

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.