Shares of Ithaca Energy plc (LON:ITH – Get Free Report) hit a new 52-week high during trading on Monday. The stock traded as high as GBX 309.40 and last traded at GBX 308.80, with a volume of 2,340,526 shares changing hands. The stock had previously closed at GBX 296.78.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on ITH shares. Berenberg Bank restated a “buy” rating and set a GBX 270 price objective on shares of Ithaca Energy in a report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 350 target price on shares of Ithaca Energy in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 310.
Get Our Latest Stock Analysis on ITH
Ithaca Energy Stock Performance
The stock has a market capitalization of £5.10 billion, a PE ratio of 19.69 and a beta of 0.34. The business’s 50-day moving average price is GBX 280.80 and its 200 day moving average price is GBX 256.55.
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.
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