Delek Group (TASE: DELKG) UK vitality exploration and manufacturing unit Ithaca Vitality (LSE: ITH), managed by Yitzhak Tshuva, will be a part of the London Inventory Change’s (LSE) flagship FTSE 100 Index within the September reshuffle. It’s considered one of only a few Israeli-owned corporations which has ever entered that London Inventory Change’s main index. The corporate has a market cap of £4.5 billion (about NIS 18 billion), after rising greater than 60% for the reason that begin of 2026.
How a lot is it price to enter the index and the analyst who sees sharp good points
Since a low level in 2024, Ithaca’s inventory has jumped 181%. Ithaca held its IPO on the LSE in November 2022 at a valuation of £2.5 billion. The flotation was primarily based on a provide to promote by the Delek Group to buyers. Now, getting into the FTSE 100 could give the inventory an extra push. Entry into the index will enhance demand for the inventory by about 2% – price about £90 million – via Change Traded Funds (ETFs).
Getting into the index may even probably result in extra tradability within the inventory and extra curiosity in it, additionally from different analysts. As of at present, one of many banks protecting the inventory is Jefferies, whose analyst Mark Wilson has issued a “purchase” suggestion with a worth goal of 350 pence, a 29.6% premium on the present worth in London.
After the monetary outcomes printed final week, Wilson wrote that the outcomes are robust with report manufacturing (a development that continues within the present quarter), a rise within the dividend and a discount in web debt. In response to the analyst, the important thing assertion within the firm’s convention name was made by chairman Yaniv Friedman, who stated that there are at the moment 4 main gamers within the area and that this may probably proceed sooner or later.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 27, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
