Ithaca Energy (LON:ITH – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 270 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 20.75% from the company’s current price.
Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 price objective on shares of Ithaca Energy in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ithaca Energy has a consensus rating of “Buy” and an average price target of GBX 226.67.
Read Our Latest Research Report on ITH
Ithaca Energy Stock Up 2.4%
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.
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