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Ithaca Energy PLC ( (GB:ITH) ) has issued an announcement.
Ithaca Energy PLC announced that Computershare Share Plan Trustees Limited purchased ordinary shares on behalf of the company’s executive chairman and chief financial officer under the company’s Share Incentive Plan. This plan allows employees to buy shares using salary deductions, aligning employee interests with company performance and potentially enhancing stakeholder value.
The most recent analyst rating on (GB:ITH) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Spark’s Take on GB:ITH Stock
According to Spark, TipRanks’ AI Analyst, GB:ITH is a Neutral.
Ithaca Energy’s overall score is driven primarily by strong corporate events that enhance its strategic positioning. However, the financial performance is mixed with strong cash flow but net losses, and valuation concerns persist due to negative earnings. Technical analysis indicates moderate bullish momentum.
To see Spark’s full report on GB:ITH stock, click here.
More about Ithaca Energy PLC
Ithaca Energy PLC operates in the energy sector, focusing on the exploration and production of oil and gas. The company is involved in the development and operation of energy resources, primarily in the North Sea, and offers investment opportunities through its share incentive plans.
Average Trading Volume: 1,138,330
Technical Sentiment Signal: Buy
Current Market Cap: £2.83B
For detailed information about ITH stock, go to TipRanks’ Stock Analysis page.