Insider Buying: Ithaca Energy (LON:ITH) Insider Acquires £150.48 in Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman purchased 66 shares of the stock in a transaction on Wednesday, November 5th. The stock was acquired at an average cost of GBX 228 per share, with a total value of £150.48.

Yaniv Friedman also recently made the following trade(s):

• On Monday, October 6th, Yaniv Friedman acquired 74 shares of Ithaca Energy stock. The shares were bought at an average cost of GBX 202 per share, for a total transaction of £149.48.
• On Friday, September 5th, Yaniv Friedman acquired 79 shares of Ithaca Energy stock. The stock was purchased at an average cost of GBX 190 per share, for a total transaction of £150.10.

Ithaca Energy Trading Up 1.8%

ITH opened at GBX 230 on Monday. The firm has a market capitalization of £3.79 billion and a PE ratio of -21.70. The firm has a 50 day moving average of GBX 197.76 and a two-hundred day moving average of GBX 173.50. Ithaca Energy plc has a 12-month low of GBX 94.38 and a 12-month high of GBX 238.

Analysts Set New Price Targets

ITH has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of Ithaca Energy to a “buy” rating and lifted their price target for the company from GBX 145 to GBX 220 in a research note on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price target on shares of Ithaca Energy in a research note on Wednesday, September 17th. Finally, Shore Capital reissued a “no recommendation” rating on shares of Ithaca Energy in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ithaca Energy has an average rating of “Buy” and an average target price of GBX 210.

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.