UK's Ithaca Energy gains after BofA upgrade
ReutersAug 21, 2025 12:13 PM
** Shares of North Sea oil and gas producer Ithaca Energy ITH.L up 8.2% at 213.5p, their highest level since November 2022
** Top gainer on FTSE mid-cap index .FTMC
** Brokerage BofA Global Research raises price objective to 195p from 170p
** "2Q25 results and improved FY25 outlook add further proof points to ITH's resilience story" - BofA analysts
** 2 of 6 analysts covering stock have a "buy" or higher rating, 3 have "hold", 1 at "sell"; median PT is 162.5p - data compiled by LSEG
** Including session's move, ITH up 93.4% YTD while FTSE mid-cap index gained 5.9%
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