Incitec Pivot’s “Neutral” Rating Reaffirmed at Goldman Sachs (IPL)
Incitec Pivot (ASX: IPL)‘s stock had its “neutral” rating restated by equities researchers at Goldman Sachs in a report issued on Wednesday. They currently have a $3.57 (4 AUD) target price on the stock.
Incitec Pivot opened at 3.200 on Wednesday. Incitec Pivot has a 1-year low of A$2.620 and a 1-year high of A$3.370. The stock’s 50-day moving average is currently A$3.18. The company has a market cap of A$5.212 billion and a price-to-earnings ratio of 10.19.
Several other analysts have also recently commented on the stock. Analysts at CIMB reiterated a “neutral” rating on shares of Incitec Pivot in a research note to investors on Thursday, February 28th. They now have a $3.29 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Incitec Pivot in a research note to investors on Thursday, January 31st. They now have a $3.60 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Incitec Pivot in a research note to investors on Thursday, January 10th. They now have a $3.68 price target on the stock.
Incitec Pivot Limited (Incitec Pivot) is engaged in the manufacture, trading and distribution of fertilizers, industrial explosives and chemicals, and the provision of related services.
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