Investment firm StoneCap Securities has initiated coverage on Ithaca Energy, which is listed in Canada and London, where is trades under the symbol IAE on both the Toronto Stock Exchange and the AIM. Analyst Victor Vallance gives the company an outperform rating and a 12-month target price of $3.50, which would give investors a projected return of 43% from the $2.44 price at the time the report was issued.
