Jefferies sets GBp 350 target for Ithaca Energy stock

Published on 10/08/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies kept Buy and named a GBp 350 target on October 6, 2026. Ithaca Energy stock costs EUR 3.29 on October 8, 2026 after EUR 3.25, plus 1.23 percent.

Ithaca Energy, GB00BPJHV584, Illustration mit AI erstellt.

Ithaca Energy (ISIN GB00BPJHV584) received a GBp 350 price target from Jefferies while retaining a Buy rating in a report issued on October 6, 2026, according to MarketBeat. The combination of a higher target than the latest London quote and a Buy rating gives the analyst view a clear numerical anchor.

Jefferies sets a clear target

MarketBeat reported that Jefferies placed the target at GBp 350 and that the target implied 27.46 percent upside from the quoted GBp 274.60 share price. Berenberg separately maintained a Buy rating with a GBp 270 target, leaving the published analyst views split between upside expectations and a target below that reference price.

Second-quarter figures strengthen the case

Simply Wall St reported that Ithaca Energy generated USD 811.1 million of revenue and USD 59.7 million of net income in the second quarter of 2026. Net margin rose to 7.40 percent from 5.50 percent in the second quarter of 2025, so profitability improved faster than the revenue comparison alone would show.

The operating picture also carries a valuation counterweight. Regulatory and decarbonization pressures in the North Sea remain material considerations in the same October 8, 2026 analysis, while the company continues to be assessed on production delivery and cost control.

Next results date adds a marker

Investing.com lists November 25, 2026 as the next earnings date. That date gives the market a defined point for testing the current analyst targets against the next reported operating update.

Stock trades above its prior close

Ithaca Energy was trading at EUR 3.29 at Lang & Schwarz on October 8, 2026 at 11:31 a.m. CEST, plus 1.23 percent versus the prior close of EUR 3.25 on October 7, 2026. The primary LSE quote context showed a 52-week range of GBp 149.80 to GBp 298.60 and a market capitalization of GBP 4.5 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Ithaca Energy stock.