Ithaca Energy plc (LON:ITH – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 296.60 and last traded at GBX 295.80, with a volume of 1433526 shares changing hands. The stock had previously closed at GBX 290.20.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 270 price objective on shares of Ithaca Energy in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 240.
View Our Latest Research Report on Ithaca Energy
Ithaca Energy Price Performance
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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