Luciano Vasques Buys 65 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques acquired 65 shares of Ithaca Energy stock in a transaction dated Wednesday, November 5th. The stock was bought at an average price of GBX 228 per share, for a total transaction of £148.20.

Ithaca Energy Price Performance

ITH opened at GBX 231 on Friday. The business has a fifty day moving average price of GBX 197.80 and a 200 day moving average price of GBX 172.32. Ithaca Energy plc has a 12 month low of GBX 94.38 and a 12 month high of GBX 238. The stock has a market capitalization of £3.81 billion and a price-to-earnings ratio of -21.79.

Wall Street Analysts Forecast Growth

ITH has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Ithaca Energy to a “buy” rating and increased their price objective for the company from GBX 145 to GBX 220 in a research report on Monday, October 20th. Peel Hunt restated 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 reaffirmed a “no recommendation” rating on shares of Ithaca Energy in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 210.

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.