Ithaca Energy PLC with ticker (LON:ITH) now has a potential downside of -39.0% according to Barclays.
Barclays set a target price of 140 GBX for the company, which when compared to the Ithaca Energy PLC share price of 195 GBX at opening today (17/02/2023) indicates a potential downside of -39.0%. Trading has ranged between 167 (52 week low) and 255 (52 week high) with an average of 245,475 shares exchanging hands daily. The market capitalisation at the time of writing is £1,938,883,020.
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.
Ithaca Energy PLC -39.0% potential downside indicated by Barclays
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- Written by: Charlotte Edwards
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Ithaca Energy plc (LON:ITH) announced its third interim dividend of $134 million payable in cash in Sterling. Learn more about this leading UK energy company.
