Insider Buying: Ithaca Energy (LON:ITH) Insider Acquires £150.48 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis bought 66 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were bought at an average cost of GBX 228 per share, for a total transaction of £150.48.

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Monday, October 6th, Iain Clifford Scobbie Lewis acquired 74 shares of Ithaca Energy stock. The stock was acquired at an average price of GBX 202 per share, with a total value of £149.48.
• On Friday, September 5th, Iain Clifford Scobbie Lewis acquired 79 shares of Ithaca Energy stock. The stock was acquired at an average price of GBX 190 per share, for a total transaction of £150.10.

Ithaca Energy Trading Up 1.8%

ITH stock opened at GBX 230 on Monday. Ithaca Energy plc has a 1-year low of GBX 94.38 and a 1-year high of GBX 238. The firm has a market capitalization of £3.79 billion and a PE ratio of -21.70. The business’s 50 day simple moving average is GBX 197.76 and its 200 day simple moving average is GBX 173.50.

Analysts Set New Price Targets

ITH has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of Ithaca Energy to a “buy” rating and upped their target price for the stock from GBX 145 to GBX 220 in a research report on Monday, October 20th. Shore Capital reaffirmed a “no recommendation” rating on shares of Ithaca Energy in a research report on Tuesday, September 2nd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 200 price target on shares of Ithaca Energy in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 210.

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.