Ithaca Energy PLC 18.2% potential upside indicated by Jefferies

Ithaca Energy PLC with ticker (LON:ITH) now has a potential upside of 18.2% according to Jefferies.



Jefferies set a target price of 195 GBX for the company, which when compared to the Ithaca Energy PLC share price of 165 GBX at opening today (21/04/2023) indicates a potential upside of 18.2%. Trading has ranged between 141 (52 week low) and 255 (52 week high) with an average of 414,438 shares exchanging hands daily. The market capitalisation at the time of writing is £1,603,773,383.

Ithaca Energy plc is an exploration and production company with production and development activities on the United Kingdom Continental Shelf (the UKCS). The Company’s portfolio consists of over 35 fields, approximately 29 of which are producing field interests, which lie in the Central North Sea and West of Shetland areas of the UKCS. The Company operates over eight of these producing fields and approximately 63% of its reserves and resources. It operates through oil and gas exploration, development and production and related activities in the North Sea. Its business is located in Aberdeen and Scotland.