Ithaca Energy Inc. (TSE:IAE) had its price target raised by investment analysts at Imperial Capital from C$3.15 to C$3.30 in a research note issued on Monday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 95.27% from the stock’s current price.
Separately, Royal Bank Of Canada decreased their price target on Ithaca Energy from C$1.50 to C$0.80 and set an “outperform” rating on the stock in a research note on Wednesday, January 20th.
Shares of Ithaca Energy (TSE:IAE) traded up 0.60% during mid-day trading on Monday, reaching $1.69. The company’s stock had a trading volume of 359,414 shares. Ithaca Energy has a 1-year low of $0.33 and a 1-year high of $1.74. The firm’s market capitalization is $695.92 million. The company’s 50-day moving average is $1.47 and its 200 day moving average is $1.24.
Ithaca Energy Company Profile
Ithaca Energy Inc is a North Sea oil and gas operator engaged in the appraisal and development of the United Kingdom undeveloped discoveries and the exploitation of its existing the United Kingdom producing asset portfolio. The Company is engaged in oil and gas development and production and related activities in a geographical area being the North Sea.